Name the head under which 'Discount on Issue of Debentures' appears in the Balance Sheet of a company.

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Solution

Discount on issue of debentures is treated as a capital loss. As per the revised schedule VI of the Companies Act, it should be shown on the Asset side of balance sheet under “Miscellaneous Expenditures” heading until it is written off.

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Name the head under which ‘discount on issue of debentures’ appears in the Balance Sheet of a company.

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