Discount on issue of share is

Related MCQs

• ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper
• A Company can issue share at a discount if:
• In case of Buy Back at a discount the amount of discount is transferred to _________________
• Goods worth ` 10,000 were purchased by B on which the traders allowed ` 500 trade discount and offer to give 5% cash discount if immediate payment is made. The Purchase A/c will be debited by —
• In the balance sheet of a company , the discount on issue of debentures is shown under which heading
• Discount or loss on issue of debenture is a ………….
• Discount allowed on re-issue of forfeited shares is debited to :
• Discount on issue of Debentures is in the nature of
• In the balance sheet of a company, the discount on issue of debentures is shown under which heading
• If a part of the issue of share or debenrues is underwritten, it is termed as__________________-