When debentures are issued at a premium and redeemed at a premium, the journal entry will have the following combination:(A) Discount on issue of debentures account is credited(B) Loss on issue of debentures account is debited(C) Security premium account is credited(D) Premium on redemption of debentures account is creditedChoose the correct answer from the options given below:

When debentures are issued at a premium and are redeemable at a premium, the accounting journal entry includes:Bank Account $\to$ Debited (with total amount received including issue premium)Loss on Issue of Debentures Account $\to$ Debited (with the premium payable on redemption)Debentures Account $\to$ Credited (with face value)Securities Premium Account $\to$ Credited (with the premium collected on issue)Premium on Redemption of Debentures Account $\to$ Credited (with the premium payable at the time of redemption)Thus, statement (B) is correct (debited), statement (C) is correct (credited), and statement (D) is correct (credited). Statement (A) is completely incorrect because no discount is involved here.