When debentures are issued at discount & redeemed at par, the debentures account is credited with___

Not debited

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Premium on issue of debentures

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Nominal value of the debentures

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Discount on issue

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Solution

The correct option is C
Nominal value of the debentures

When debentures are issued at discount & redeemed at par, the debentures account is credited with nominal value of debentures.

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

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