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Interest on Debentures

Interest on D...

Question

Interest on Debentures is a/an ___ and is debited to the Profit & Loss A/c.

A

None of these

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B

Expense

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C

Income

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D

Revenue

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Solution

The correct option is B
Expense

Interest on Debentures is an expense and is debited to the Profit & Loss A/c.

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