Accountancy, asked by khanebarak388, 1 month ago

Sinking fund account for redemption of debenture is shown under____

Answers

Answered by RedCream28

14

Answer:

The balance of the Debentures Sinking Fund after redemption of debentures is transferred to General Reserve account. It is the amount which is kept separately out of redeemed amount from debentures, that is why it is transferred to general reserve account.

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