When debentures are redeemed from out of profits an equal amount is tr – McqOptions

MCQOPTIONS

1.	When debentures are redeemed from out of profits an equal amount is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐ account.
A.	Capital reserve
B.	Capital Redemption Reserve
C.	Debenture redemption reserve
D.	General Reserve.
Answer» D. General Reserve.

Discussion

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