Discount on shares and debentures are shown in
A)Profit and loss appropriation account
B)Asset side of the balance sheet
C)Liability side of the balance sheet
D)None of these

Question

Quizplus · Accepted Answer

Discounts on shares and debentures are considered as intangible assets and are shown on the asset side of the balance sheet. They represent the cost that has not yet been charged to expense and will be written off against income over a period.

Discount on Shares and Debentures Are Shown in