passwella.
Menu

WAEC Financial Accounting 1996 Question 11

Question 11

Company Accounts

Debentures issued at a price above the nominal value are said to be issued

  1. A.at discount
  2. B.at premium
  3. C.at subsidy
  4. D.on goodwill
  5. E.at a loss.
Show the answer and explanation

Answer: B (at premium)

Explanation

Issuing above nominal (face) value is issuing at a premium.