Accounting for Debentures in Class 12
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Accounting for Debentures in Class 12

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@PoeticBlessing

Questions and Answers

What is the main purpose of accounting for debentures?

To accurately record the issuance and redemption of debentures

How are debentures different from shares?

Debentures represent a company's debt, while shares represent ownership in the company

What is the impact of debenture interest on a company's profits?

Debenture interest is a charge against profits and reduces the company's taxable income

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