Mukul Shukla (2 Points)
08 September 2021can debentures be issued at premium and at discount in India as per law?
If yes, what is the NEW accounting treatment of premium and discount on issue ?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 08 September 2021
Yes, you can issue them like that.
By Bank a/c
To share capital a/c
To securities premium reserve a/c
and
By Bank a/c
By discount a/c
To share capital a/c
prasad Nilugal
( GST Practitioner & Accounts )
(14612 Points)
Replied 08 September 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 08 September 2021
LOL sry, its debenture account, maybe I did not red the question long enough
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