After redemption of debentures, the balance in the sinking fund account is transferred to: (a). Debenture development

Question:

After redemption of debentures, the balance in the sinking fund account is transferred to:

(a). Debenture development reserve.

(b). General reserve 

(c). Profit & Loss A/c.

(d). Shares forfeited A/c.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

Question Posted: