Question

discount on share is shown in balance sheet as an ?
a. liability
b. assets
c. deduction in paid up capital
d. detected from assets side ​

Answer 1

Explanation:

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Answer 2

Answer:

In the balance sheet, 'Discount on Issue of Shares Account' appears on the “Assets” side under the heading 'Miscellaneous Expenditure'. The account represents a fictitious asset and should be gradually written off by transfer to Profit and Loss Account although there is no legal compulsion to do so.