pg-1.72 ts grewal
my query- shouldn't (iv) unamortised..debentures come under current asset because it is given to be written off within 12 months??
Dear Student
No unamortised loss on debentures would not come under assets because debentures are a liability for the firm and not just liability but long term liabilities hence the provisions made in this regard are aso to be seen with respect to a long term period only.
Regards
No unamortised loss on debentures would not come under assets because debentures are a liability for the firm and not just liability but long term liabilities hence the provisions made in this regard are aso to be seen with respect to a long term period only.
Regards