In case debentures of Rs. 10,000 are issued at par but payable at a premium of 10% the premium payable will be debited to:
A) Debentures Suspense Account
B) Premium on Redemption of Debentures Account
C) Loss on issue of Debentures Account
D) Suspense account
Correct Answer:
Verified
Q52: A situation where a company receives applications
Q53: Shares having preferential right as to dividend
Q54: The amount paid as premium for an
Q55: The balance sheet of the debentures sinking
Q56: Debentures issued as Collateral Security for Rs.
Q58: If debentures of the nominal value of
Q59: A reserve created for redemption of debentures
Q60: Which of the following statement is false?
A)A
Q61: Which of the following are characteristics of
Q62: Which of the company's capital is not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents