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प्रश्न
When debentures are issued at a discount, the discount is written off ______.
पर्याय
after debentures have been redeemed.
in the year debentures are allotted.
during the life of the debentures.
in the year debentures are issued.
MCQ
रिकाम्या जागा भरा
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उत्तर
When debentures are issued at a discount, the discount is written off in the year debentures are allotted.
Explanation:
- Discount on issue is a capital loss that occurs when the company formally distributes (allots) the debentures.
- Under modern accounting rules, this loss cannot be spread out and must be completely written off in the very first year of allotment.
- It is cleared off immediately from the Securities Premium Account or charged to the Statement of Profit & Loss as a finance cost.
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