Why is profit on cancellation of debentures

Transferred to Capital Reserve account instead of profit and loss account? Please see attached.

Attachments

20201126_175742.jpg

Kumarjit Dey

CA Inter

★ 4K+

26-Nov-20 17:58

Answers (2)

Best Answer

Its a capital profit.

Suraj Lakhotia

Admin

26-Nov-20 19:00

Suraj Lakhotia Admin

Its a capital profit.

Okay.

Thread Starter

Kumarjit Dey

CA Inter

★ 4K+

26-Nov-20 19:07

IndigoLearn

Sales

Support

About Us

Contact

Careers

FAQ

Terms & Conditions