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In the balance sheet, where the debenture redemption premium account is shown? |
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Answer» Debenture redemption premium a/c is a personal account and shows credit balance. It is a liability of the comapny. It appears under the head Non-current liabilities under the sub-head “Other long term liabilities” on the equity and liability side of the balance sheet each year, until the debentures are repaid. |
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