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Question

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


A

None of these

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B

Premium on issue of debentures

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C

Nominal value of the debentures

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D

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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