When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to :
A. Profit & Loss A/c
B. Debenture Application and Allotment A/c
C. Loss on Issue of Debentures A/c
D. Premium on Redemption A/c
Answer:C
When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to :
A. Profit & Loss A/c B. Debenture Application and Allotment A/c C. Loss on Issue of Debentures A/c D. Premium on Redemption A/c