Select most appropriate alternative from those given below :The issue

1.	Select most appropriate alternative from those given below :The issue of debentures less than the face value is called ________.OptionsAt parAt premiumAt discountNone of these
Answer» The issue of debentures less than the face value is called at discount. Explanation: When debentures are issued at a price below their face value, it is known as ‘issue of debentures at discount’. Such discount is debited to Discount on Issue of Debentures Account.

Select most appropriate alternative from those given below :The issue of debentures less than the face value is called ________.OptionsAt parAt premiumAt discountNone of these

Answer»

The issue of debentures less than the face value is called at discount.

Explanation: When debentures are issued at a price below their face value, it is known as ‘issue of debentures at discount’. Such discount is debited to Discount on Issue of Debentures Account.

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Select most appropriate alternative from those given below :The issue of debentures less than the face value is called ________.OptionsAt parAt premiumAt discountNone of these

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