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Direction: Choose the correct answer to the following questions from the given alternatives:
Premium on redemption of debentures account is:
  • a)
    A real account.
  • b)
    A nominal account – income.
  • c)
    A nominal account – expenditure.
  • d)
    A personal account.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Direction: Choose the correct answer to the following questions from t...
Premium on redemption of debentures is shown under liabilities side of the Balance Sheet, so, it is a personal account. This premium is payable by the company on redemption of the debentures to the debenture-holders.
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Direction: Choose the correct answer to the following questions from the given alternatives:Premium on redemption of debentures account is:a)A real account.b)A nominal account – income.c)A nominal account – expenditure.d)A personal account.Correct answer is option 'D'. Can you explain this answer?
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Direction: Choose the correct answer to the following questions from the given alternatives:Premium on redemption of debentures account is:a)A real account.b)A nominal account – income.c)A nominal account – expenditure.d)A personal account.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Direction: Choose the correct answer to the following questions from the given alternatives:Premium on redemption of debentures account is:a)A real account.b)A nominal account – income.c)A nominal account – expenditure.d)A personal account.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Choose the correct answer to the following questions from the given alternatives:Premium on redemption of debentures account is:a)A real account.b)A nominal account – income.c)A nominal account – expenditure.d)A personal account.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Direction: Choose the correct answer to the following questions from the given alternatives:Premium on redemption of debentures account is:a)A real account.b)A nominal account – income.c)A nominal account – expenditure.d)A personal account.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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