Accounting for premium received on dedbentures
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2013
A company purchased debentures and when the same were redeemed, the company received premium on redemption of same.
Please advise how premium should be accounted for whether it is in nature of interest or profit.
Please advise how premium should be accounted for whether it is in nature of interest or profit.
01 August 2013
Can't it be disclosed as Premium on redemption of debentures itself in Other income
Cash flow - it is under investing activity
Cash flow - it is under investing activity
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