{"id":51571,"date":"2024-04-15T23:26:44","date_gmt":"2024-04-15T23:26:44","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=51571"},"modified":"2024-04-15T23:26:44","modified_gmt":"2024-04-15T23:26:44","slug":"discount-on-issue-of-shares-by-a-company-should-be-shown-on-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/","title":{"rendered":"Discount on issue of shares by a company should be shown on the:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Debit side of the Profit and Loss account&#8221; option2=&#8221;Asset side of the Balance Sheet&#8221; option3=&#8221;Credit side of the Profit and Loss account&#8221; option4=&#8221;Liability side of the Balance Sheet&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>D. Liability side of the Balance Sheet<\/strong><\/p>\n<p>Discount on issue of shares is a financial liability that arises when a company issues shares at a price below their face value. This discount is recorded as a liability on the balance sheet and is amortized over the life of the shares.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Option A: The debit side of the Profit and Loss account is used to record expenses. Discount on issue of shares is not an expense, so it is not recorded on this side of the account.<\/li>\n<li>Option B: The asset side of the Balance Sheet is used to record assets. Discount on issue of shares is not an asset, so it is not recorded on this side of the account.<\/li>\n<li>Option C: The credit side of the Profit and Loss account is used to record revenues. Discount on issue of shares is not a revenue, so it is not recorded on this side of the account.<\/li>\n<\/ul>\n<p>I hope this helps! Let me know if you have any other questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Debit side of the Profit and Loss account&#8221; option2=&#8221;Asset side of the Balance Sheet&#8221; option3=&#8221;Credit side of the Profit and Loss account&#8221; option4=&#8221;Liability side of the Balance Sheet&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-51571","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discount on issue of shares by a company should be shown on the:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discount on issue of shares by a company should be shown on the:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Debit side of the Profit and Loss account&#8221; option2=&#8221;Asset side of the Balance Sheet&#8221; option3=&#8221;Credit side of the Profit and Loss account&#8221; option4=&#8221;Liability side of the Balance Sheet&#8221; correct=&#8221;option4&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T23:26:44+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Discount on issue of shares by a company should be shown on the:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/","og_locale":"en_US","og_type":"article","og_title":"Discount on issue of shares by a company should be shown on the:","og_description":"[amp_mcq option1=&#8221;Debit side of the Profit and Loss account&#8221; option2=&#8221;Asset side of the Balance Sheet&#8221; option3=&#8221;Credit side of the Profit and Loss account&#8221; option4=&#8221;Liability side of the Balance Sheet&#8221; correct=&#8221;option4&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T23:26:44+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/","name":"Discount on issue of shares by a company should be shown on the:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T23:26:44+00:00","dateModified":"2024-04-15T23:26:44+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/discount-on-issue-of-shares-by-a-company-should-be-shown-on-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"Discount on issue of shares by a company should be shown on the:"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/51571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=51571"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/51571\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=51571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=51571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=51571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}