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Loss on Issue of Debenture Account is shown: -

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Question

Loss on Issue of Debenture Account is shown:

Options

  • on Assets side of Balance Sheet

  • on Liabilities side of the Balance Sheet

  • on Credit side of the Profit and Loss Account

  • none of these

MCQ

Solution

on Assets side of Balance Sheet

Explanation:

On the Assets side of the Balance Sheet, there is a loss on the issue of a debenture account.

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Issue of Debentures
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