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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

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B

Equity & Liabilities side of Balance Sheet

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C

Asset side of Balance Sheet

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D

As Income in the statement of P&L

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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.

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