Transfer the balance of the sinking fund account
Profit and loss appropriation Accounts
General reserve account
Debentures account
Sinking fund investment account
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Under this method, the amount of depreciation charged every year is transferred to the sinking fund account. This amount is then invested in Government securities. ... The balance in the Sinking Fund Account is then transferred to the Profit and Loss A/c or General Reserve.
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sinking fund
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