X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ……… | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………

(A) Realisation Account
(B) Shareholders Account
(C) P&L Account
(D) None of these

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✅ Correct Answer: (A) Realisation Account

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