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Answer in a Sentence Only. - Book Keeping and Accountancy

One Line Answer

Answer in a sentence only.
What do you mean by ‘Debenture Interest’?

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Solution

Debenture interest is a charge against a company’s profit, as it is an expense for the company. It can be paid monthly, quarterly or yearly, as defined in the terms and conditions of the issue.

Concept: Interest on Debentures
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise | Q 10 | Page 372
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