The following journal entry appears in the books of X Co. Ltd. Bank A/c Dr. 4,75,000 Loss on issue of debenture A/c Dr. 75,000 To 12% Debentures A/c…
CUET UG 2025 — Accountancy Company Accounts
The following journal entry appears in the books of X Co. Ltd.
Bank A/c Dr. 4,75,000
Loss on issue of debenture A/c Dr. 75,000
To 12% Debentures A/c 5,00,000
To Premium on Redemption of Debenture A/c 50,000
In this case the debentures have been issued at a discount of 5% . What is the rate of premium on redemption of debentures?
Held on 15 May 2025 · Verified 13 Jul 2026.
Options
- A
5%
- B
15%
- C
20%
- D
10%
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