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Redemption of Debentures

Accountancy

Sir, here in icai material, the interest on debentures have not been considered, although in class sir have included it in the answer, i also feel that interest must be considered, will it be considered correct if we account for interest aswell?

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TarunGopi Katragadda

TarunGopi Katragadda

CA Inter

135

15-May-21 08:58

316

Answers (2)

Best Answer

Can assume either ways. In the class I took the part of interest not paid as at times students may forget to adjust for it.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

15-May-21 11:37

One explanation why is that, the given bank balance is already adjusted as said " bank closing before receipt of drri interest"


Thread Starter

TarunGopi Katragadda

TarunGopi Katragadda

CA Inter

135

15-May-21 09:12

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