Multiple Choice
The balance sheet of the debentures sinking fund after redemption of debentures is credited at the end of the accounting period to:
A) Profit and Loss Account
B) General Reserve
C) Debentures Account
D) Profit and Loss Appropriation Account
Correct Answer:
Verified
Correct Answer:
Verified
Q24: A reserve created for redemption of debentures
Q25: Provision for Depreciation is<br>A)An appropriation of profit<br>B)A
Q26: A new company set up by existing
Q27: Debenture is a part of:<br>A)Owner's capital<br>B)Loan capital<br>C)Reserves
Q28: Which of the following is true about
Q30: The value of asset can be reduced
Q31: Which of the following statement is false?<br>A)A
Q32: If the asset is sold, the provision
Q33: Interest on Debenture is:<br>A)An appropriation of profit<br>B)A
Q34: Which of the following are characteristics of