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Commerce · Q472

Accounting

Graduate and Post Graduate · Commerce · question 472

Q472

When all the debentures are redeemed, the balance left in the Debenture Sinking Fund Account is transferred to

A.
Debentures account
B.
Sinking Fund Investment Account
C.
Capital Redemption Reserve Account
D.
General Reserve Account
Answer

Answer: Option D

Solution

Answer: Option D
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