Question

Intrest received on company Debentures is ____

Answer 1

Answer:

Interest received on company debentures is a charge against the profit of the company.

Explanation:

Interest received on company debentures is a charge against the profit of the company. Interest is not payable on debentures issued as a collateral security. The interest rate is prefixed. We need to transfer the balance in interest on debentures to the Statement of Profit and Loss at the end of the year.

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