CUET Preparation Today
Which of the following statement related to Discount/Loss on Issue of Debenture is incorrect? |
Discount or loss can be written-off from securities premium account If there are no capital profits or the capital profits are not adequate, the amount of such discount/loss can be written-off against the revenue profits every year Discount or loss is a capital loss of the company Discount or loss is a revenue loss of the company |
Discount or loss is a revenue loss of the company |
The correct answer is Option (4) → Discount or loss is a revenue loss of the company |
