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Commerce · Q965

Accounting

Graduate and Post Graduate · Commerce · question 965

Q965

Which of the following is not correctly matched in the term of Loss/income and Nature?

A.
Interest payable on debentures ⇔ A charge against profit of the company
B.
Loss on issue of debenture ⇔ Deferred revenue expenditure
C.
Premium on issue of shares ⇔ Capital profits
Answer
D.
Pre-incorporation profit ⇔ Capital profits

Answer: Option C

Solution

Answer: Option C
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