It is actually a Fictitious asset, which is not really an asset, But for the time being they are shown as assets, So that they can be written off later.
Avasarala Vivek Aditya
CA Inter
★ 6K+
19-Aug-22 12:01
Actually in which chap do we learn about this?
Thread Starter
Sugam SM
CA Final
★ 9K+
19-Aug-22 13:57
Cause as per study planner they said to finish AS-3 but I don't know about these debentures
Thread Starter
Sugam SM
CA Final
★ 9K+
19-Aug-22 13:57
Discount on issue of debenture is capital loss in nature , it is shown in asset side under other current assets till it is written off.
