A company has issued deep discount bonds.
The interest payable on them is set off against the general reserve instead of being debited to P&L account.
Is the treatment correct?
tushar jain (Service) (107 Points)
20 July 2007A company has issued deep discount bonds.
The interest payable on them is set off against the general reserve instead of being debited to P&L account.
Is the treatment correct?
Nilanjan Chowdhury
(114 Points)
Replied 21 July 2007
CAclubindia
