Imp- loss on issue of debentures
Naina (student) (151 Points)
05 September 2015
why is loss on issue of debentures credited to debenture redemption reserve account?
1 Replies
CMA P Y S V S VARMA
(cost accountant)
(173 Points)
Replied 07 September 2015
Loss on issue of debentures should be credited to debenture redemption reserve account because as per SEBI guidelines if Debentures are issued at discount and redeemed at premium the amount of loss should be identifed through DRR only
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