State to whether the following statement is True/False.
The issue of debenture more than face value is termed on issue of debentures at par.
Explanation: Issue of debentures at a price more than their face value is known as ‘issue of debentures at a premium’. The amount of a premium so received is credited to the Securities Premium Account.
Video Tutorials For All Subjects
- Issue of Debentures at Par at Premium and at Discount