Accountancy, asked by deevya786, 3 months ago

7. Underwriting commission one is debited to
a. Underwriting commission A/C b. underwriter's A/c
c. Share Allotment A/c
d. none of the above​

Answers

Answered by shobhabidlan01
3

Answer:

Underwriting commission paid is capital loss for the company. This will be shown in the asset side of the Balance Sheet under the head. 'Miscellaneous Expenditure

Answered by abbusaicharan02
0

Answer:

Underwriting commission is an expense and it is  debited to (a) underwriting comission A/c.

Therefore, the correct answer is (A).

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