Profit on sale of investment
is transferred to profit&loss,
a/c only if the investment is
current investment
O
is transferred to profit & loss
a/c
is transferred to capital reserve
a/cs
ОО
is transferred to investment and
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Profit or loss on sale of investments is transferred to sinking fund. After the redemption of all debentures, balance left in sinking fund is transferred to general reserve but the portion of the profit on sale of sinking fund investment is preferably transferred to capital reserve.
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