Question

Discount allowed on issue of shares is an example of which expenditure

Answer 1

Why is discount on issue of shares shown under current asset in balance sheet when it is supposedly an expense for the firm? When Shares are issued at a price lower than their face value, they are said to have been issued at a discount. For example, if a share of Rs 100 is issued at Rs 95, then Rs 5 (i.e.

Answer 2

Answer:

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