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Commerce · Q1516

Accounting

Graduate and Post Graduate · Commerce · question 1516

Q1516

Unless written off the loss on issue of debentures is shown:

A.
On the assets side of Balance Sheet
Answer
B.
On the debit side of Profit and Loss Account
C.
By way of deduction from the amount of debentures
D.
On the liabilities side of Balance Sheet

Answer: Option A

Solution

Answer: Option A
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