Select most appropriate alternative from those given below :
The issue of debentures more than face value is called___________.
none of these
The issue of debentures more than face value is called at premium.
Explanation: When debentures are issued at a price more than their face value, it is known as ‘issue of debentures at a premium’. Such a premium is credited to the Securities Premium Account.
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- Issue of Debentures at Par at Premium and at Discount