CUET Accountancy 2023 28 May Shift 1 PYQs

When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:

Discount on Issue of Debentures

A. Is not a capital gain

B. Can be written off in any year

C. Can be written off from securities premium Reserve

D. Can be written off from General Reserve

Choose the correct answer from the options given below:

Debentures which are transferable by mere delivery are: