Accountancy, asked by sangeetaswer, 6 months ago

discount on issue of debentures should be written off within how many years

Answers

Answered by raotd
0

Answer:3 to 5 years

Discount on issue of debentures is a capital loss and over a period of 3 to 5 years or is charged to “Securities Premium Account” as per the guidelines issued by ICAI. The discount on issue of debentures can be written-off either by debiting it to profit and loss or to securities premium account.

Explanation:

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