When debentures are redeemed out of profits, an equivalent amount is transferred to :
A. General Reserve
B. Debenture Redemption Reserve
C. Capital Reserve
D. Profit & Loss A/c
Answer:B
When debentures are redeemed out of profits, an equivalent amount is transferred to :
A. General Reserve B. Debenture Redemption Reserve C. Capital Reserve D. Profit & Loss A/c