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Question
Assertion (A): Premium on issue of debentures is a capital gain for the company.
Reason (R): Loss on issue of debentures is a revenue loss.
In the context of the above two statements, which of the following is correct?
Options
(A) is correct, but (R) is wrong.
Both (A) and (R) are correct.
(A) is wrong, but (R) is correct.
Both (A) and (R) are wrong.
MCQ
Assertion and Reasoning
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Solution
(A) is correct, but (R) is wrong.
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