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Accounting for premium received on dedbentures

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2013 A company purchased debentures and when the same were redeemed, the company received premium on redemption of same.

Please advise how premium should be accounted for whether it is in nature of interest or profit.
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Kumar

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Kumar (Expert)
01 August 2013 Can't it be disclosed as Premium on redemption of debentures itself in Other income

Cash flow - it is under investing activity
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