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
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
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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