MCQOPTIONS
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| 1. |
When the debentures arenissued at discount and are redeemable at premium,nwhich of the following accounts is debitednat the time of issue? |
| A. | Debentures A/c |
| B. | Premiumon redemption of debenturesA/c |
| C. | Loss on issue of debenturesA/c |
| D. | CapitalreserveA/c |
| Answer» D. CapitalreserveA/c | |