When debentures are issued at par and are redeemable at a premium, th – InterviewSolution

InterviewSolution

1.	When debentures are issued at par and are redeemable at a premium, the loss on such an issue debited to (a) Profit and loss account (b) Debentures applications and allotment account (c) Loss on the issue of debentures account
Answer» (c) Loss on issue of debentures account

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