9:{"metadata":[["$","title","0",{"children":"2024 Slot 1 - When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination: | PYQs + Solutions | AfterBoards"}],["$","meta","1",{"name":"description","content":"undefined When debentures are issued at a premium, it means they are sold for more than their face value. This creates a premium on issue, which is recorded in the accounts. When these debentures are redeemed at a premium, the company pays more than the face value again. This creates a premium on redemption. In the journal entries: - Loss on issue of debentures is debited because the company incurs a loss when they issue them at a premium. - Premium on redemption of debentures is credited because the company recognizes the premium they pay when redeeming. Options (A) and (C) are not re<=vant here because they deal with discounts and security premiums, which do not apply when both issuing and redeeming at a premium. Thus, the correct combination is (B), (C), and (D), <=ading to option 4 being correct."}],["$","link","2",{"rel":"manifest","href":"https://www.afterboards.in/manifest.json","crossOrigin":"$undefined"}],["$","meta","3",{"name":"keywords","content":"CUETACC,ACC,Accountancy,Issue and Redemption of Debentures"}],["$","meta","4",{"name":"robots","content":"index, follow"}],["$","meta","5",{"name":"category","content":"education"}],["$","meta","6",{"name":"google-site-verification","content":"google"}],["$","meta","7",{"property":"og:title","content":"2024 Slot 1 - When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination: | PYQs + Solutions"}],["$","meta","8",{"property":"og:description","content":"undefined When debentures are issued at a premium, it means they are sold for more than their face value. This creates a premium on issue, which is recorded in the accounts. When these debentures are redeemed at a premium, the company pays more than the face value again. This creates a premium on redemption. In the journal entries: - Loss on issue of debentures is debited because the company incurs a loss when they issue them at a premium. - Premium on redemption of debentures is credited because the company recognizes the premium they pay when redeeming. Options (A) and (C) are not re<=vant here because they deal with discounts and security premiums, which do not apply when both issuing and redeeming at a premium. Thus, the correct combination is (B), (C), and (D), <=ading to option 4 being correct."}],["$","meta","9",{"property":"og:url","content":"https://www.afterboards.in/cuet-past-year-questions/cuet-acc-2024-01/16"}],["$","meta","10",{"property":"og:site_name","content":"AfterBoards | CUET Preparation"}],["$","meta","11",{"property":"og:image","content":"https://www.afterboards.in/pyp/AfterBoards%20CUET%20Past%20Year%20Papers%20with%20Solutions.webp"}],["$","meta","12",{"property":"og:type","content":"website"}],["$","meta","13",{"name":"twitter:card","content":"summary_large_image"}],["$","meta","14",{"name":"twitter:site","content":"afterboards.in"}],["$","meta","15",{"name":"twitter:title","content":"2024 Slot 1 - When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination: | PYQs + Solutions"}],["$","meta","16",{"name":"twitter:description","content":"undefined When debentures are issued at a premium, it means they are sold for more than their face value. This creates a premium on issue, which is recorded in the accounts. When these debentures are redeemed at a premium, the company pays more than the face value again. This creates a premium on redemption. In the journal entries: - Loss on issue of debentures is debited because the company incurs a loss when they issue them at a premium. - Premium on redemption of debentures is credited because the company recognizes the premium they pay when redeeming. Options (A) and (C) are not re<=vant here because they deal with discounts and security premiums, which do not apply when both issuing and redeeming at a premium. Thus, the correct combination is (B), (C), and (D), <=ading to option 4 being correct."}],"$L18","$L19","$L1a","$L1b","$L1c","$L1d","$L1e","$L1f","$L20","$L21"],"error":null,"digest":"$undefined"}

2024 Slot 1 PYQs

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