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P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
MCQ
To which account, amount is to be transferred after closed down sinking fund Alc.
  • A
    profit-loss A/c
  • ✓
    general reserve A/c
  • C
    profit-loss Appropriation A/c
  • D
    debenture A/c
✓

Answer

Correct option: B.
general reserve A/c

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