------ represents that part of discount received during the year by a bank which relates to the next accounting year.

Related MCQs

• The issue of shares at discount provided the discount does not exceed 10% as specified in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐ of the companies Act.
• When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐
• While preparing P/L account , rebate on bills discounted to be provided shall be deducted from discount received in --------
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• Indian accounting standards are the International financial reporting standards converged standards issued by the central government of India under the supervision and control of accounting standards board of ICAI and in consultation with __________.
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• The rate of discount on issue of shares should not exceed …. % of the nominal value of shares.
• After completing ….years a company can issue shares at discount.
• The discount on re-issue of forfeited shares is debited to ---- a/c.
• Loss on issue or discount on issue of debenture is a…..asset