Question

Discount on issue of debentures is shown under the following head in the Balance Sheet?

Options

• Profit and loss Account

• Miscellaneous Expenditure

• Debentures Account.

• None of the above

Answer 1

Miscellaneous Expenditure

Explanation:

Miscellaneous Expenditure includes preliminary expenses, advertisement expenditure, discount on the issue of shares and debentures, share issue expenses, etc.