'Premium on Redemption of Debentures Account' is a:

Personal Account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Real Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Nominal Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Personal Account
Premium on redemption of debentures is shown under liabilities side of the Balance Sheet, so, it is a personal account. This premium is payable by the company on redemption of the debentures to the debenture-holders.

Suggest Corrections

Similar questions

Premium on redemption of debentures account is a/an ___

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

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

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

Join BYJU'S Learning Program