Name the head under which ‘Discount on Issue of Debentures’ appears in the Balance Sheet of a company.

As we know that Discount on Issue of debentures is a capital loss and it will be written off out of the profit of coming years, Therefore, it is shown on the Assets side of the Balance Sheet under the heading of “Miscellaneous Expenditures” until it is written off.

Discount on Issue of Debentures is regarded as a capital loss. As per the Revised Schedule VI of the Companies Act, 

Discount on Issue of Debentures is shown in the Notes to Accounts of Other Non-Current Assets. The final balance is shown on the Assets side of the Company’s Balance Sheet under the main head of Non-Current Assets.