When debentures are issued at par and are redeemable at a premium, the extra amount payable at redemption is recorded at the time of issue by debiting which account?

In accordance with the accounting principle of prudence (conservatism), any predictable loss on the future redemption of debentures must be recognized at the time of their issue.When debentures are issued at par ($\text{Rs }100$) and are redeemable at a premium ($\text{Rs }110$), the premium on redemption ($\text{Rs }10$) represents a clear liability. The double-entry bookkeeping entry passed at the time of allotment is:
$$\text{Debenture Allotment A/c}\text{Dr. }[100]$$
$$\text{Loss on Issue of Debentures A/c}\text{Dr. }[10]$$
$$\text{To Calculations for }X\%\text{ Debentures A/c}[100]$$
$$\text{To Premium on Redemption of Debentures A/c}[10]$$
Hence, the loss is debited to the Loss on issue of debentures account.