Which account is debited at the time of redemption of debentures?

All of these

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Debenture application & allottment account

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Debentures account

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Bank account

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Solution

The correct option is C
Debentures account

Debentures account is debited at the time of redemption of amount to debentureholders.

The entry is :
Debentures A/c Dr.
To Debentureholders A/c

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