Premium on redemption of debentures account is a/an ___

None of the above

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Revenue

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Liability

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Asset

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Solution

The correct option is C
Liability

Premium on redemption of debentures account is a liability.

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Similar questions

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

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

Premium on redemption of debentures is a ________.

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