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Question

When debentures are issued at premium & redeemed at premium, the debentures account is credited with of debentures.

A
discount amount
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B
premium amount
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C
nominal value
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D
issue price
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Solution

The correct option is C nominal value
When debentures are issued at premium & redeemed at premium, the debentures account is credited with nominal value or face value of debentures i.e. we do not include the premium amount.

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