Profit on sale of debentures redemption fund investment in the first instance in credited to :
A. Debenture Redemption Fund A/c
B. Profit & Loss Appropriation A/c
C. General Reserve A/c
D. Sinking Fund A/c
Answer:A
Profit on sale of debentures redemption fund investment in the first instance in credited to :
A. Debenture Redemption Fund A/c B. Profit & Loss Appropriation A/c C. General Reserve A/c D. Sinking Fund A/c