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Commerce · Q2282

Accounting

Graduate and Post Graduate · Commerce · question 2282

Q2282

Discount on issue of shares by a company should be shown on the:

A.
Debit side of the Profit and Loss account
B.
Asset side of the Balance Sheet
Answer
C.
Credit side of the Profit and Loss account
D.
Liability side of the Balance Sheet

Answer: Option B

Solution

Answer: Option B
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