Discount on shares and debentures are shown in
A)P/L Appropriation a/c
B)asset side of the b/s
C)liability side of the b/s
D)none of these.

Name: Discount on shares and debentures are shown in A)P/L Appropriation a/c B)asset side of the b/s C)liability side of the b/s D)none of these.
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Question

Quizplus · Accepted Answer

Discounts on shares and debentures are shown on the asset side of the balance sheet because they represent a cost to the company that has not yet been expensed.

Discount on Shares and Debentures Are Shown in