SOLUTION
Yes:
Reason: Interest on debentures has to be paid whether the Company earns profit or incurs loss.
‘Interest paid on debentures is a charge against the profits of the company’. Is this statement correct? Give reason in support of your answer. (C.B.S.E. 2020, Kolkata, Lucknow)
- Post category:Accountancy
- Reading time:1 mins read