Interest on debenture of Rs.40,000 is shown under the head of in the statement of profit and loss.

other income

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

operational income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

finance income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

net income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A other income
Interest on debentures is an income for the company but it's not from the main operation of the company, so it is shown as other income in statement of profit and loss.

Suggest Corrections

Similar questions

6 %

_____ balance of statement of profit and loss shall be shown as a negative figure under ‘Surplus’ head.

Join BYJU'S Learning Program