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mediumMCQCUET Accountancy 2025 2 June Shift 22026CUET Accountancy
1 mark

Discount on the issue of debentures is presented under which head in the balance sheet?

  1. A
    Other current assets
  2. B
    Short term loans and advances.
  3. C
    Long term loans and advances
  4. D
    Other current liabilities.

Solution & Step-by-step Explanation

Under Schedule III of the Companies Act, 2013, unamortized discount on the issue of debentures that is to be written off within 12 months from the reporting date is classified under Other Current Assets. Any portion to be written off after 12 months is classified under Other Non-Current Assets. Given the standard choices, it is reported under current assets.

Practice this question

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Discount on the issue of debentures is presented under which head in the balance sheet?
A
Other current assets
B
Short term loans and advances.
C
Long term loans and advances
D
Other current liabilities.

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Company AccountsDebenturesBalance Sheet Presentation

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