Explanation:

when the discount or loss on issue of debentures is written off in parts, balance in the a/c will reduce by the the amount of discount or loss written off .The balance so left in the account is shown in the asset part of the balance sheet as follows:

• the amount of discount or loss on issue of debentures to be written off within 12 months of the balance sheet date or within the period of operating cycles as other current assets under the head current assets; and
• the balance amount of the account of the as other non- current assets under the head non- current assets