Challenger App

No.1 PSC Learning App

1M+ Downloads
Profit from redemption of debentures should be kept as

ASecret Reserve

BCapital Reserve

CReserve Fund

DSinking Fund

Answer:

B. Capital Reserve

Read Explanation:

Profit from redemption is a capital profit, hence transferred to Capital Reserve.


Related Questions:

Work-in-progress is generally valued at
copy of the voucher produced for verification in the absence of original is said to be
--------is created for the replacement of fixed assets or repayment of long term liabilities.
Statement of affairs are prepared in connection with :
A trial balance lists the balances of all ledger account and the ?