Interested to Buy Any Domain ? << Click Here >> for more details...
Why discount on issue of debenture is shown as ficitious
assest in Balance sheet ..? same why preliminary expenses
ia also shown as ficitious assets in Balance sheet :?
- 3 Answers
- 18753 Views
- Accenture, Cap Gemini, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chetan
Discount on issue of debentrue will be consider as a long
term expenses because debentrue is long term investment and
what ever expenses incured to issue we will not show in p&l
account it will be considered for the life time of the
debentrue
And preliminary exp is capital expenditure and what ever
exp incured before incorporation of the comp is considered
to be preliminary exp and it will be write off in 5 equal
installments as per income tax act.
| Is This Answer Correct ? | 25 Yes | 4 No |
Answer / sumanta
Discount on issue of debenture is capital loss.and the total amount needs to charge every year into PL a/c to written off it and the remaining amount come under asset side under the head of Miscellaneous expenditure.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / radhika didwania
It is shown in pl a/c in finance cost.
| Is This Answer Correct ? | 1 Yes | 1 No |
WHILE WORKING DEPERICATION OF AN MACHINERY ASSET WHAT IS THE PERCENTAGE TO BE TAKEN & FOR HOW MANY YEARS IT HAS TO BE TAKEN.
How can you do credit control?
what is bill receible
What is the difference between accrual
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
As you know any other accounting application?
what is core accounting?
what are the processes of account reconcillation
What are Wash accounts and suspense accounts and how do they operate?
Companies formed by letters patent?
what is ledger
what is miscellaneous expenditure??
Audit 
