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Why is profit on cancellation of debentures

Accountancy

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

20201126_175742.jpg

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

26-Nov-20 17:58

283

Answers (2)

Best Answer

Its a capital profit.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

26-Nov-20 19:00

CA Suraj Lakhotia Admin

Its a capital profit.

Okay.


Thread Starter

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

26-Nov-20 19:07

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