Question

interest on own debentures journal entris​

Answer 1

Answer:

When a Company purchases its own debentures in the market soon after the interest on such debentures has been paid, the question of interest can be ignored. When the debentures are purchased on the date when theinterest is due, the interest will be paid to seller i.e. the old Debenture holder.

Answer 2

Explanation:

When a Company purchases its own debentures in the market soon after the interest on such debentures has been paid, the question of interest can be ignored. When the debentures are purchased on the date when the interest is due, the interest will be paid to seller i.e. the old Debenture holder.

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