When debentures are issued at par and will be redeemed on premium, this type of loss will be shown in: [1]
A. Debenture Application
B. Debenture Allotment A/c
C. Loss on issue of debentures
D. Debenture A/c
Answer:C
When debentures are issued at par and will be redeemed on premium, this type of loss will be shown in: [1]
A. Debenture Application B. Debenture Allotment A/c C. Loss on issue of debentures D. Debenture A/c