What is the nature of Interest on Debentures? Post category:Accountancy Reading time:1 mins read SOLUTION Interest on debentures is a charge against the profit which means interest on debentures shall always be paid whether profits are sufficient or not. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostAmount raised by a company by debenture is loan or capital? Next PostGive any two points of distinction between a Share and a Debenture. You Might Also Like Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July, 2021. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year’s profit, which was 4,50,000.Pass necessary Journal entry to record Reeta’s share of profit/loss up to the date of death. August 5, 2022 State two purposes for which securities premium reserve can be used by a Company. September 28, 2022 Under which type of activity will you classify ‘Refund of Income Tax received’ while preparing the Cash Flow Statement? October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July, 2021. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year’s profit, which was 4,50,000.Pass necessary Journal entry to record Reeta’s share of profit/loss up to the date of death. August 5, 2022
Under which type of activity will you classify ‘Refund of Income Tax received’ while preparing the Cash Flow Statement? October 4, 2022