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Why is profit on cancellation of debentures

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

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Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

26-Nov-20 17:58

8

Answers (2)

Best Answer

Its a capital profit.


Suraj Lakhotia

Suraj Lakhotia

Admin

26-Nov-20 19:00

Its a capital profit.

Okay.


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

26-Nov-20 19:07

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