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

None of these

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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 D
Premium on redemption

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

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Similar questions

If debentures are redeemed at premium, the premium on redemption of debentures account shall be credited while ___shall be debited.

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

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