profit on cancellation of own debentures is transferred to
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Explanation:
[tex]\huge\boxed{\pink{Aɴsᴡᴇʀ:-}}
Tʜᴇ ᴛʀᴇᴇs ᴏғ Mᴇᴅɪᴛᴇʀʀᴀɴᴇᴀɴ ғᴏʀᴇsᴛ ʜᴀs ᴅᴇᴠᴇʟᴏᴘᴇᴅ sᴏᴍᴇ sᴘᴇᴄɪᴀʟ ғᴇᴀᴛᴜʀᴇs ᴛᴏ sᴜʀᴠɪᴠᴇ ᴛʜᴇ sᴜᴍᴍᴇʀ ᴅʀᴏᴜɢʜᴛ, ʟɪᴋᴇ ᴛʜᴇʏ ᴀʀᴇ ᴡɪᴅᴇʟʏ sᴘᴀᴄᴇᴅ, ᴛʜᴇʏ ᴀʀᴇ ᴏғ sʜᴏʀᴛ ʜᴇɪɢʜᴛ, ᴛʜᴇʏ ʜᴀᴠᴇ sᴍᴀʟʟ ᴡᴀxʏ ʟᴇᴀᴠᴇs ᴀɴᴅ ᴛʜɪᴄᴋ ʙᴀʀᴋs. Tʜᴇʏ ᴀʟsᴏ ʜᴀᴠᴇ ᴅᴇᴇᴘ ʟᴏɴɢ ʀᴏᴏᴛs ᴛᴏ sᴇᴀʀᴄʜ ᴍᴏɪsᴛᴜʀᴇ ɪɴsɪᴅᴇ ᴛʜᴇ ɢʀᴏᴜɴᴅ.
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