Where is the amount of premium received on the issuance of debentures typically credited?

Securities Premium Reserve Account

The correct answer is option 3- Securities Premium Reserve Account.

When a company issues debentures at a premium, the amount received as the premium is typically credited to the "Securities Premium Reserve Account."

A debenture is said to be issued at a premium when the price charged is more than its nominal value. For example, the issue of Rs. 100 debentures for Rs. 110, (Rs. 10 is being the premium). The amount of premium is credited to Securities Premium Reserve account and is shown on the liabilities side of the balance sheet under the head “Reserves and Surpluses”.