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Discount on issue of debenture

Accountancy

Why does discount on issue of debentures not written off opening balance has shown on debit side why not on credit side

KOWTICA VIKAS

CA Inter

★ 85

19-Oct-23 05:13

353

Answers (2)

It can be deducted from the debentures balance on the credit side.

CA Suraj Lakhotia

Admin

19-Oct-23 13:37

Thank you sir

Thread Starter

KOWTICA VIKAS

CA Inter

★ 85

19-Oct-23 13:44