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

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Solution

The correct option is C
Nominal value of the debentures

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

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Similar questions

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

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 debentures account is credited with ___

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