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Question

Underwriting commission paid on issue of debentures will appear in


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Solution

(a) Debit side of Profit and Loss Account
(b) Credit side of Profit and Loss Account
(c) Assets side of Balance sheet
(d) Liabilities side of Balance sheet
Correct option: (c) Assets side of Balance sheet
Underwriting commission paid on issue of debentures will appear in assets side of Balance sheet.


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