Question

what do you mean by issue of share at a discount ​

Answer 1

Discount on issue of preference shares is an expense for the company. So, it is debited when shares are issued at a price less than its face value.

Answer 2

Answer:

$Issue of Shares at Discount Definition: When a share is issued by the company at a price that is less than the face value of the share, the share is said to be issued at a discount. The difference between the par value (face value) of the share and the amount received on the share is calleddiscount on issue of shares.$

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