In the balance sheet of a company , the discount on issue of debentures is shown under which heading
A) Fixed asset
B) current asset
C) investment
D) miscellaneous expenditure
Correct Answer:
Verified
Q1: Interest on debenture is
A)Adjustment of profit
B)appropriation of
Q2: In the balance sheet of a company,
Q4: Advance payment of tax is in the
Q5: Debentures are shown in the balance sheet
Q6: Preliminary expense Is an example of
A)Fixed asset
B)current
Q7: Divisible profit do not include
A)Insurance fund
B)reserve fund
C)profit
Q8: The transfer of profit to reserve should
Q9: Loose tools are shown in the balance
Q10: Discount on shares and debentures are shown
Q11: Calls in arrear Is
A)Shown as current asset
B)deducted
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents