The journal entry process for issuing debentures at a premium and redeeming them at a premium impacts specific accounts. The following accounts are debited or credited:
(B) Loss on issue of debentures account is debited: This account records the expenses or losses incurred during the issuance of debentures at a premium. Losses result in debit entries.
(C) Security premium account is credited: The excess amount received over the face value upon issuing debentures at a premium is credited to the security premium account. This premium is considered income or an additional inflow for the issuer.
(D) Premium on redemption of debentures account is credited: When debentures are redeemed at a premium, the issuer recognizes a premium liability, which is reflected as a credit in this account, indicating an outflow or future obligation.
Therefore, the accurate combination is: (B), (C), and (D) only.