Question : The premium on redemption of debenture is shown under which head of the Balance Sheet?
Option 1: Non current liabilities
Option 2: Current liabilities
Option 3: Non current assets
Option 4: Current assets
Correct Answer: Non current liabilities
Solution : The premium for debentures redemption is displayed under the head "Non-Current Liabilities" Hence, the correct option is 1.
Question : In a Company Balance Sheet, the credit (profit) balance of the Statement of Profit and Loss is shown under:
Question : Due to be Settled within 12 Months from the Date of the Balance Sheet: A liability is classified or shown as ------.
Question : Debentures are shown in the Balance Sheet of a company under the head of:
Question : Which of the following statements is incorrect?
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