When debentures are issued at par and are redeemable at a premium, the premium payable on redemption is debited to which account at the time of issue?

When a company issues debentures that are redeemable at a premium, it incurs a future liability that is recognized as a loss at the time of issue due to the prudence principle.The journal entry passed at the time of issue is:
$$\text{Bank A/c Dr. [with issue price]}$$
$$\text{Loss on Issue of Debentures A/c Dr. [with redemption premium amount]}$$
$$\text{To \% Debentures A/c [with nominal par value]}$$
$$\text{To Premium on Redemption of Debentures A/c [with redemption premium amount]}$$
Hence, the premium payable on redemption is debited to the Loss on issue of debentures account.