X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y – McqOptions

MCQOPTIONS

1.	X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to
A.	Realisation Account
B.	Shareholders Account
C.	P&L Account
D.	None of these
Answer» B. Shareholders Account

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