CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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

A
debentures
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
bank
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
application
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
debenture-holders
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Issued at par and redeemed at a premium
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon