Question:
When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:
When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:
Updated On: May 16, 2024
- Debited to premium on Redemption of Debenture A/C
- Credited to Premium on Redemption of Debentures A/C
- Debited to Securities Premium Reserve A/C
- Credited to securities premium Reserve A/C
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The Correct Option is D
Solution and Explanation
The correct option is (D): Credited to securities premium Reserve A/C
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