Redemption of debentures

According to nominal accounts: debit all expenses and losses, credit all incomes and gains. 

Then when it comes to securities premium account is a:

Premium on redemption is personal account

Premium on issue of debentures is capital profits transferred to reserves.

https://educoop.com/questions/d2l1.H T M L

https://www.yourarticlelibrary.com/accounting/debentures/issue-of-debenture-at-par-premium-and-discount/46934

Since reserves are a credit, when you receive premium it is credited and when you pay premium, you debit that account. I am sorry, there is not enough info on premium account classification as personal or real account. But all Equity and capital related to shareholders is personal account while, all balance sheet items are real accounts, 

According to nominal accounts: debit all expenses and losses, credit all incomes and gains. 

Then when it comes to securities premium account is a:

Premium on redemption is personal account

Premium on issue of debentures is capital profits transferred to reserves.

https://educoop.com/questions/d2l1.H T M L

https://www.yourarticlelibrary.com/accounting/debentures/issue-of-debenture-at-par-premium-and-discount/46934

Since reserves are a credit, when you receive premium it is credited and when you pay premium, you debit that account. I am sorry, there is not enough info on premium account classification as personal or real account. But all Equity and capital related to shareholders is personal account while, all balance sheet items are real accounts,