Question : Debentures are shown in the Balance Sheet of a company under the head of:
Option 1: Current Liabilities
Option 2: Non Current Liabilities
Option 3: Shareholder Funds
Option 4: None of the above
Correct Answer: Non Current Liabilities
Solution : Debentures are shown in the Balance Sheet of a company under the head of Non-Current liabilities, sub-head Long Term Borrowings.
Hence the correct answer is option 2.
Question : The premium on redemption of debenture is shown under which head of the Balance Sheet?
Question : In a Company Balance Sheet, the credit (profit) balance of the Statement of Profit and Loss is shown under:
Question : When Period of Operating Cycle is less than 12 Months: Liabilities due for settlement (payment) within 12 months from the date of Balance Sheet are classified (shown) as ------------------
Question : Money Received Against Share Warrants are shown under the head of ------
Question : When the Period of Operating Cycle is more than 12 Months (Say 15 Months): Liabilities due for settlement (payment) within 15 months from the date of the Balance Sheet are classified (shown) as --------------
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