Debenture Redemption Reserves account is transferred to which account?

Profit or loss A/c

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Debenture Redemption Investment A/c

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General Reserve A/c

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None of these

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Solution

The correct option is C
General Reserve A/c

Debenture Redemption Reserves account is transferred to General Reserve A/c.

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

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