Sir as you taught us in the class that when we issue debenture on discount we will write off the particular amount of discount every year until it will redeemed.
But i was told in class 12 that there is a amendment in this part now we will write off whole amount of discount in the year in which it was issued.
So my ques is sir which method i will follow?
basu maggoIntermediate
Company(debenture)
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We will follow icai…but yes what u r telling we will study that in intermediate
Ok sir thankyou