Basic accounts
This query is : Resolved
21 September 2013
What to do with the premium of redemption account at the time of issue of debentures ???
IS it be shown in balance sheet or any other treatment is there for it at the time of issue of debentures ???
IS it be shown in balance sheet or any other treatment is there for it at the time of issue of debentures ???
21 September 2013
nothing to be done at the time of issue only provision can be made:-
Profit and loss A/c Dr...........
Provision for premium on redemption
Profit and loss A/c Dr...........
Provision for premium on redemption
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