Debenture redemption reserve is transferred to reserve.

securities premium

No worries! We‘ve got your back. Try BYJU‘S free classes today!

debenture

No worries! We‘ve got your back. Try BYJU‘S free classes today!

general

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

specific

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C general
Debenture redemption reserve is transferred to general reserve by debiting debenture redemption reserve account and crediting general reserve account.

Suggest Corrections

Similar questions

After redemption is complete, the balance in Debenture Redemption Reserve is transferred to ___

Debenture Redemption Reserves account is transferred to which account?

As per SEBI Guidelines, an amount equal to _____ of the debenture issue must be transferred to Debenture Redemption Reserve before redemption begins.

How much amount atleast should be transferred to Debenture Redemption Reserve, if the Debenture value in the balance sheet is Rs 15,00,000?

Join BYJU'S Learning Program