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Prior to incorporation

In illustration 4, Here debenture interest is charged to post incorporation period. But debentures were issued to settle purchase consideration of vendors which was due in both pre and post period. Why is it not distributed in that ratio?


Aman Mahajan

Aman Mahajan

CA Inter

18K+

27-Jan-21 11:20

14

Answers (1)

Interest on debenture is a post incorporation expense


ruchi lahoti

ruchi lahoti

Moderator

27-Jan-21 18:11

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