In balance sheet "interest accrued and due on debentures" should be shown in ______.

Debentures

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Miscellaneous expenditure

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Current assets

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Current liability

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Solution

The correct option is A Debentures
No interest is payable on debentures issued as collateral security. Interest accrued and due on debentures appear under the head 'Secured Loans' or debentures. Interest accrued but not due on debentures appear under the head 'Current Liabilities'.

Suggest Corrections

(i) Bonds;	(ii) Debentures
(iii) Public Deposits;	(iv) Capital Redemption Reserve;
(v) Forfeited Shares Account:	(vi) Sundry Creditors; and
(vii) Interest Accrued but Not Due on Debentures?

(i) Public Deposits;	(ii) Office Furniture;
(iii) Prepaid Rent;	(iv) Outstanding Salaries;
(v) Computer Software;	(vi) Interest Accrued on Investment?