Premium example sentences

Premium on redemption is a liability of a company payable in future.Premium on redemption is a liability of a company payable in future.Section 78 of The Companies Act, 1956 also permits the utilisation of 'Securities Premium Account' and other capital profits for writing off the discount/loss on issue of debentures.A debenture is said to be issued at a premium when the price charged is more than its nominal value.The amount of premium is credited to Securities Premium account and is shown on the liabilities side of the balance sheet under the head “Reserves and Surpluses”.Premium on redemption is a liability of a company payable in future.A debenture is said to be issued at a premium when the price charged is more than its nominal value.Debentures can be redeemed either at par or at premium.Section 78 of The Companies Act, 1956 also permits the utilisation of 'Securities Premium Account' and other capital profits for writing off the discount/loss on issue of debentures.For example, telephone bills, insurance premium, rent, taxes, etc.When shares are forefeited all entries relating to the shares forfeited, except those relating to premium, already recorded in the accounting records, must be reversed.Debentures can be redeemed either at par or at premium.A debenture is said to be issued at a premium when the price charged is more than its nominal value.The amount of premium is credited to Securities Premium account and is shown on the liabilities side of the balance sheet under the head “Reserves and Surpluses”.When debentures are redeemable at a premium, a provision has to be made right at the time of the issue by debiting the amount to 'Loss on Issue of Debentures A/c'.