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

None of these

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Loss on issue of Debentures account

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Debentures account

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Bank account

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Solution

The correct option is B
Loss on issue of Debentures account

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

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Similar questions

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

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

When debentures are issued at premium & redeemed at premium, the loss on issue of debentures account is debited with ___

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