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Question
Where is ‘Debenture Redemption Reserve’ transferred after the redemption of all debentures?
Options
Capital Reserve Account
General Reserve Account
Statement of Profit and Loss
Sinking Fund Account
MCQ
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Solution
General reserve account
Explanation:
After all debentures have been redeemed, the balance in the Debenture Redemption Reserve (DRR) is transferred to the general reserve account, as it is no longer required for redemption purposes.
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