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Question

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


A

None of these

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B

Not effected

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C

Credited

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D

Debited

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Solution

The correct option is C

Credited


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


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