Liquidation of Companies, Illustration 9

Accountancy

Why â??Debenture Issue Expense not written offâ?? is not taken in Liquidator Final Statement A/C?

Rahul Chandramouli

CA Final

★ 600

16-May-22 08:11

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Answers (3)

Best Answer

Profit and Loss (Dr) Balance, Deferred Revenue Expenditure

Pratik Badade

CA Final

★ 2K+

16-May-22 08:15

Because it is a fictitious asset.

Pratik Badade

CA Final

★ 2K+

16-May-22 08:13

Pratik Badade

Because it is a fictitious asset.

Thank you. Can you please give me some more examples of such items.

Thread Starter

Rahul Chandramouli

CA Final

★ 600

16-May-22 08:14