Name the head under which ‘discount on issue of debentures’ appears in the balance sheet of a company.

— Kishore V, SME and ACW at Edumarz

• The discount on debenture issuance is viewed as a capital loss. 
• It shall be recorded on the Asset side of the balance sheet under the heading “Miscellaneous Expenditures” until it is written off, according to the new Schedule VI of the Companies Act.