Accounting type Question: When investment in private debentures is cancelled then this profit/loss is credited /debited to A. Debenture Redemption fund A/c B. General reserve A/c C. Capital reserve A/c D. Any of the above A/c

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter18: Accounting Periods And Methods
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Accounting type Question: When
investment in private debentures is
cancelled then this profit/loss is credited
/ debited to A. Debenture Redemption
fund A/c B. General reserve A/c C.
Capital reserve A/c D. Any of the above
A/c
Transcribed Image Text:Accounting type Question: When investment in private debentures is cancelled then this profit/loss is credited / debited to A. Debenture Redemption fund A/c B. General reserve A/c C. Capital reserve A/c D. Any of the above A/c
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