When Debentures are issued at par and are redeemable at a premium, the Loss on such an issue is debited to :
1. Statement of Profit & Loss A/c
2. Loss on issue of Debentures A/c
3. Debentures Application & Allotment A/c
4. Profit on Issue of Debentures A/c
This question was previously asked in
Shift 12/06/2023 3:30 PM - 6:30 PM
A
Statement of Profit & Loss A/c
B
Loss on issue of Debentures A/c
C
Debentures Application & Allotment A/c
D
Profit on Issue of Debentures A/c
Correct Answer
Loss on issue of Debentures A/c
Detailed Explanation
NOTE* AS PER NTA THE ANSWER TO THIS QUESTION IS (2).
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More CUET Questions
1
Identify the account statement that a Not- for-Profit organisation is not required to prepare.
1. Trading and Profit & Loss Account
2. Receipt and Payment Account
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C. Preference Share Capital is a Current Liability
D. Preference Share holders do not have voting right.
E. Preference Share Capital is repaid before the payment of Equity share holders in case of winding up of the company.
Choose the correct answer from the options given below:
3
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4
Securities Premium cannot be used:
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