The account is to be debited while encashing investment made out of debenture redemption reserves.

Profit or loss

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DRR

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Bank

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Debentures

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Solution

The correct option is C Bank
The bank account is to be debited, and debenture redemption investment account is credited while encashing investment made out of debenture redemption reserves.

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Which account is to be debited while encashing investment made out of Debenture Redemption Reserves?

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