The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to :
A. Profit & Loss Account
B. Profit & Loss Appropriation Account
C. General Reserve Account
D. Sinking Fund Account
Answer:C
The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to :
A. Profit & Loss Account B. Profit & Loss Appropriation Account C. General Reserve Account D. Sinking Fund Account