Why is premium on the issue of debentures considered a capital profit? Post category:Accountancy Reading time:1 mins read SOLUTION It is considered as a capital profit because it is not an income arising from the normal course of business operations. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostMention two differences between ‘Premium on Issue of Debentures’ and ‘Premium on Redemption of Debentures’. Next Post‘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) You Might Also Like X and Y are partners sharing profits in fee ratio of 3: 1. They admit Z as a partner. X surrenders l / 3rd of his share and Y l / 4th of his share in favour of Z. What will be the new profit-sharing ratio? September 26, 2022 Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2019: August 12, 2022 Dissolution expenses amounting to Rs. 6,000 were to be borne by partner X and the balance by the firm. Dissolution expenses amounted to Rs. 15,000 and the entire amount was paid by firm. Pass journal entry. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y are partners sharing profits in fee ratio of 3: 1. They admit Z as a partner. X surrenders l / 3rd of his share and Y l / 4th of his share in favour of Z. What will be the new profit-sharing ratio? September 26, 2022
Following is the Balance Sheet of Crescent Chemical Works Limited as at 31st March, 2019: August 12, 2022
Dissolution expenses amounting to Rs. 6,000 were to be borne by partner X and the balance by the firm. Dissolution expenses amounted to Rs. 15,000 and the entire amount was paid by firm. Pass journal entry. September 27, 2022