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Profit on redemption of debentures is transferred to which account? - Accounts

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Question

Profit on redemption of debentures is transferred to which account?

One Word/Term Answer
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Solution

Capital Reserve Account.

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Chapter 8: Company Accounts - Redemption of Debentures - SHORT ANSWER QUESTIONS [Page 8.36]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 8 Company Accounts - Redemption of Debentures
SHORT ANSWER QUESTIONS | Q 7. | Page 8.36
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