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Question Practice

What happens to the discount on debentures issued for consideration other than cash?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Issue and Redemption of Debentures
Question Bank

What happens to the discount o...

Single Answer MCQ
Q-00082551

What happens to the discount on debentures issued for consideration other than cash?

1

It is credited to the General Reserve.

2

It is debited to Discount on Issue of Debenture Account.

3

It is recorded as an expense immediately.

4

It is added to the Securities Premium Reserve.

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