CUET Accountancy - 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? | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Company Accounts

Medium

15%

20%

10%

✅ Correct Option: 4

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CUET Accountancy 2025 15 May Shift 1 PYQs

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