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P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
Question
State the uses of debenture premium amount.
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Answer

Debenture premium can be used for writing off expenses like preliminary expenses, discount on issue of shares or debentures, expenses on issue of shares and debentures etc.

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