MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Discount on Issue of Debentures

Discount on t...

Question

Discount on the issue of debentures should be shown on the :

A

As expense in the statement of P&L

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Equity & Liabilities side of Balance Sheet

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Asset side of Balance Sheet

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

As Income in the statement of P&L

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Asset side of Balance Sheet

Discount on the issue of debentures should be shown on the asset side of Balance Sheet.

Suggest Corrections

thumbs-up

0

Similar questions

Q. State to whether the following statements are True/False.

Premium on issue of debentures is recorded on the asset side of balance sheet.

Q. Prepaid expenses of Rs. 9,000 are shown on the liabilities side of the balance sheet.

Q. State whether the following statement are True or False.

Outstanding expenses are shown on the liability side of the Balance Sheet.

1

: Discount on issue of shares should be shown on the asset side of the balance sheet.
Statement

2

: The discount has to be written off even through profit and loss account
Choose the correct.

Q. State whether the following statement are True or False.

Prepaid expenses are shown on the asset side of the Balance Sheet.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Issued at Par and Redeemed at Par

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Discount on Issue of Debentures

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon