Where will the Premium on Redemption of Debentures be shown in the company's balance sheet?
Answer & explanation
Correct answer: option 4
The Premium on Redemption of Debenture is shown in the Notes to Accounts under the sub-head of 'Other Long-term Liabilities'. The final balance is shown under the main head of 'Non-Current Liabilities' on the Equity and Liabilities side of the Company's Balance Sheet.