Debenture Redemption Premium Account is a -

Personal Account

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Real Account

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Nominal Account

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None of these

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Solution

The correct option is A Personal Account
Premium on redemption of debentures is a personal account and it is a liability of the company which is payable on redemption.

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Similar questions

When debentures are issued at premium & redeemed at premium, the premium on redemption of debentures account is ___

Premium on redemption of debentures account is a/an ___

If debentures are to be redeemed at premium, the premium on redemption of debentures account shall be ___

If debentures are redeemed at premium, the premium on redemption of debentures account shall be credited while ___shall be debited.

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