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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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