Corporate Accounting MCQ: After the redemption of debentures, any credit balance in the Sinking Fund a/c is transferred to -------- a/c.

After the redemption of debentures, any credit balance in the Sinking Fund a/c is transferred to -------- a/c.

Correct Answer: general reserve

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Corporate Accounting MCQ: After the redemption of debentures, any credit balance in the Sinking Fund a/c is transferred to -------- a/c. | Extra Education