Multiple Choice Questions on When debentures are to be redeemed at premium an extra entry has to be made at the time of issue of ........... for Commerce 12th Preparation

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Multiple Choice Questions

When debentures are to be redeemed at premium an extra entry has to be made at the time of issue of ...........

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    When debentures are to be redeemed at premium an extra entry has to be made at the time of issue of debentures, which a/c should be credited in this entry?

    Loss on issue of debentures a/c

    Incorrect Answer

    Debenture redemption premium a/c

    Correct Answer

    Bank a/c

    Incorrect Answer

    Debenture holder’s a/c

    Incorrect Answer
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    Explanation:

    Debenture redemption premium a/c

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