"Interest accrued & due on debentures" is shown ............

CS Executive · Corporate and Management Accounting · PYQS · June 2021
"Interest accrued & due on debentures" is shown ............
(A) Under debentures
(B) As other current liabilities
(C) As provisions
(D) As a reduction of bank balance

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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