CUET Accountancy - When debentures are issued at par and redeemable at a premium, the premium payable on redemption is debited to: | PYQs + Solutions

CUET Accountancy 2025 13 May Shift 2

Company Accounts

Easy

Statement of profit and loss

Debentures applications and allotment account

Loss on issue of debentures account

Capital Account

✅ Correct Option: 3

Related questions:

15 May Shift 1

The following journal entry appears in the books of X Co. Ltd.

Bank A/c Dr. 4,75,000

Loss on issue of debenture A/c Dr. 75,000

To 12% Debentures A/c 5,00,000

To Premium on Redemption of Debenture A/c 50,000

In this case the debentures have been issued at a discount of 5% . What is the rate of premium on redemption of debentures?

29 May Shift 2

Which is not a type of Debenture :-

15 May Shift 2

Convertible debentures cannot be issued at a discount if:

CUET Accountancy 2025 13 May Shift 2 PYQs