True or False. Gain on sale of sinking fund investment is to be credited to sinking fund

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True or False. Gain on sale of sinking fund investment is to be credited to sinking fund account.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 12:10 PM

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Profit on sale of sinking fund investment is to be credited to ______________ account.
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True or False. Gain on sale of sinking fund investment is to be credited to sinking fund

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Corporate Accounting

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