P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
Question
What is meant by debenture discount?
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Answer
When a company issues debentures at a price lower than its face value, the difference between the face value and the issue price is called debenture discount.
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