hiiiiiiii
state true and false wid reason...........
interst on debenture is payable only wen dere is a profit
gunjan jain (student cs executive) (41 Points)
22 August 2010hiiiiiiii
state true and false wid reason...........
interst on debenture is payable only wen dere is a profit
Faiz Ahmed
( Article Trainee)
(1731 Points)
Replied 22 August 2010
False.
Interest on debentures is a charge against profits. It is to be paid whether firm earns profit or not. So even if there is Net loss, firm is liable to pay such interest.
UDIT
(CMA STUDENT)
(293 Points)
Replied 31 August 2010
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