When debentures are issued at premium & redeemed at premium, the securities premium 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 issue of debentures

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

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