Practicing Success
Practicing Success
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| Profit on sale of Sinking Fund Investment is transferred to which account? |
Profit & Loss Account Profit & Loss Appropriation Account General Reserve Account Sinking Fund Account |
| Sinking Fund Account |
| Profit or loss on sale of investments is transferred to sinking fund. After the redemption of all debentures, balance left in sinking fund is transferred to general reserve. |
