1 Redemption Premium questions from CUET Accountancy 2025 15 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Redemption Premium — CUET Accountancy 2025 15 May Shift 1(1–1 of 1)
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Q1mediummcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
The following journal entry appears in the books of X Co. Ltd.Bank A/c Dr. 4,75,000Loss on issue of debenture A/c Dr. 75,000To 12% Debentures A/c 5,00,000To Premium on Redemption of Debenture A/c 50,000In this case the debentures have been issued at a discount of 5% . What is the rate of premium on redemption of debentures?