CUET Preparation Today
| Premium on Redemption of Debentures A/c is which of the following? |
An asset A liability An expense None of the above |
| A liability |
| Premium on redemption is a liability of a company payable in future. It is a provision and is shown under the head Non-current liabilities under sub-head ‘Long-term Borrowings’ until debentures are redeemed. |
