Question : Loss on issue of debenture is treated as
Option 1: Intangible Asset
Option 2: Current Asset
Option 3: Current Liability
Option 4: Miscellaneous Expenditure
Correct Answer: Miscellaneous Expenditure
Solution : The difference between the Redeemable Value and the Face Value is the loss on issuance of debentures. The "Loss on Issue of Debentures Account" is debited and it is considered as a Miscellaneous Expense.
Hence the correct answer is option 4.
Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?
Question : Goodwill and copyright are examples of which assets?
Question : Change in the inventory of a firm is treated as ____________.
Question : Which of the following statements are true?
Statement-1 An expenditure is revenue expenditure, if it either creates an asset or reduces a liability.
Statement-2 An expenditure is a capital expenditure, if it neither creates an asset nor reduces any
Question : From which account, expenses on issue of shares will be first written off from :
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