Accounting · Issue of Debentures
When debentures are issued at a premium and redeemed at a premium, which of the following combinations will be present in the journal entry? (A) Discount on issue of debentures account is credited (B) Loss on issue of debentures account is debited (C) Securities premium account is credited (D) Premium on redemption of debentures account is credited Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(B), (C) and (D) only✓
- 2(A), (B), (C) and (D)
- 3(A), (B) and (C) only
- 4(A), (B) and (D) only
Correct answer
(B), (C) and (D) only
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