Accounting entry for recording loss on the realization of sinking fund investment is

Question

TuteeHUB · Accepted Answer

Sinking fund investment a/c DrSinking fund A/c

TuteeHUB · Answer

Sinking fund a/c DrSinking fund investment a/c

TuteeHUB · Answer

Profit & loss A/c DrSinking Fund Investment A/c

TuteeHUB · Answer

Sinking fund investment A/c DrProfit & loss A/c

1.	Accounting entry for recording loss on the realization of sinking fund investment is
A.	Sinking fund a/c DrSinking fund investment a/c
B.	Sinking fund investment a/c DrSinking fund A/c
C.	Profit & loss A/c DrSinking Fund Investment A/c
D.	Sinking fund investment A/c DrProfit & loss A/c
Answer» B. Sinking fund investment a/c DrSinking fund A/c

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