Discount on issue of 8% debentures is shown in the balance sheet as:

NCERT (2026-27 edition):
Issue of Debentures at a Discount – “… Discount on issue of debentures to be written off within 12 months of the balance sheet date or the period of operating cycle is shown under ‘Other Current Assets’ and the part which is to be written off after 12 months of balance sheet is shown under ‘Other Non-Current Assets’.”