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InterviewSolution
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v none l uies) Discount on issue of debentures isshown ini) Asset side of Balance sheeti) Liability side of Balance sheetiii) Debit side of Profit and Lossaccountiv) Credit side of Profit and Lossaccount |
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Answer» Answer: i)Asset side of Balance sheetExplanation:Discount on issue of debentures is shown on the assets side of the balance sheet under the head miscellaneous expenditure. If debentures which are redeemable after a fixed period of time are issued, then the discount amount, if any, should be written off over that period. |
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