The journal entry for recognition of premium on redemption is :

Profit or loss A/c Dr

To Discount on issue of Debentures A/c

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Profit or loss A/c Dr

To Loss on issue of Debentures A/c

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Loss on Issue of Debentures A/c Dr.

To Premium on redemption of Debentures A/c

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None of these

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Solution

The correct option is C
Loss on Issue of Debentures A/c Dr.

To Premium on redemption of Debentures A/c

The journal entry for recognition of premium on redemption is :

Loss on issue of debentures A/c Dr.

To Premium on redemption of Debentures A/c

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—

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The journal entry for recognition of premium on redemption is :

The correct option is C Loss on Issue of Debentures A/c Dr. To Premium on redemption of Debentures A/c The journal entry for recognition of premium on redemption is : Loss on issue of debentures A/c Dr. To Premium on redemption of Debentures A/c

The correct option is C
Loss on Issue of Debentures A/c Dr.

To Premium on redemption of Debentures A/c

The journal entry for recognition of premium on redemption is :

Loss on issue of debentures A/c Dr.

To Premium on redemption of Debentures A/c