Discussion Forum : Issue And Redemption Of Debentures
Question -


The journal entry for Premium on redemption of debentures while transfer to debentureholders-

Options:
A .   Debentures A/c Dr
To Debentureholders A/c
B .   Debentures A/c Dr
Premium on redemption of debentures Dr
 To Debentureholders A/c
C .   Debentures A/c Dr
 To Premium on redemption of debentures
D .   None of these
Answer: Option B
:
B

The journal entry for Premium on redemption of debentures while transfer to debentureholders-
Debentures A/c Dr
Premium on redemption of debentures Dr
 To Debentureholders A/c


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