When debentures are issued at premium & redeemed at premium, the debentures account is credited with of debentures.

discount amount

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premium amount

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nominal value

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issue price

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Solution

The correct option is C nominal value
When debentures are issued at premium & redeemed at premium, the debentures account is credited with nominal value or face value of debentures i.e. we do not include the premium amount.

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