When shares are issued at premium and redeemed at premium, the account is debited while making the payment to debentureholders.

debentures

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bank

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application

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debenture-holders

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Solution

The correct option is D debenture-holders
When shares are issued at premium and redeemed at premium, the debentureholders account is debited and bank account is credited while making the payment to debentureholders.

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

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

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