SELECT * FROM question_mgmt as q WHERE id=10805 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=51 AND chapterId=358 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

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

Answer:

Discount on Issue of debentures is a capital loss and it will be written off out of the profit of coming years, Therefore, it is shown on the Assets side of the Balance Sheet under the heading of “Miscellaneous Expenditures” until it is written off.


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