State with reasons, whether the following statements are true or false: (h) Debentures Suspense Account appears on the Liability side of the Balance…
CA Foundation · Accounting · RTP · September 2025
State with reasons, whether the following statements are true or false: (h) Debentures Suspense Account appears on the Liability side of the Balance Sheet of a Company.
Suggested Answer and Working Notes:
False: Debentures Suspense Account appears on asset side of Balance Sheet under Non-Current Asset.
Topics: Issue, Forfeiture and Re-issue of Shares, Preparation of Final Accounts of Sole Proprietors
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