Question : If a debenture of Rs.100 is issued at Rs.105 and is redeemable at Rs.100, securities premium account will be --------

Option 1: Debited by Rs 5

Option 2: Credited by Rs 105

Option 3: Credited by Rs 5

Option 4: Debited by Rs 105

Question : If a debenture of Rs.100 is issued at Rs.106 and is redeemable at Rs.110, at the time of issue of debentures 

A securities premium account will be:

Option 1: Debited by Rs 6

Option 2: Debited by Rs 10

Option 3: Credited by Rs 10

Option 4: Credited by Rs 6

Question : Home Products Ltd. issued on 1st April, 2019,10,000,9% Debentures of Rs. 100 each at a premium of 10% redeemable at a premium of 5% after 5 years. Issue price was payable along with application. Which of the following statements is correct? 

Option 1: Loss on issue of debenture account will be debited by Rs. 50,000
 

Option 2: Premium on Redemption of Debentures account credited by Rs. 50,000

Option 3: Premium of Redemption of Debentures  account will be credited by Rs. 1,00,000

Option 4: Securities premium account will be credited by Rs. 1,00,000

Question : Home Products Ltd. issued on 1st April, 2019,10,000,9% Debentures of Rs. 100 each at a premium of 10% redeemable at a premium of 5% after 5 years. Issue price was payable along with application. Which of the following statements is correct? 

Option 1: Loss on issue of debenture account will be debited by Rs. 50,000
 

Option 2: Premium on Redemption of Debentures account credited by Rs. 50,000

Option 3: Premium of Redemption of Debentures  account will be credited by Rs. 1,00,000

Option 4: Securities premium account will be credited by Rs. 1,00,000

Question :  If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105,

 Debentures account  will be credited by ---------

Option 1: Rs 98

Option 2: Rs 105

Option 3: Rs 100

Option 4: Rs 110

Question :  If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105.

The Bank account will be debited by ---------

Option 1: Rs 100

Option 2: Rs 110

Option 3: Rs 98

Option 4: Rs 105