Which account is to be credited while setting aside profits as a reserve?

Profit or loss A/c

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

Debenture Redemption Reserve A/c

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

Debenture Redemption Investment A/c

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

Bank A/c

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

Open in App

Solution

The correct option is B
Debenture Redemption Reserve A/c

Debenture Redemption Reserve A/c is to be credited while setting aside profits as a reserve

Suggest Corrections

Similar questions

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

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

Which account is to be debited to set aside funds for debenture redemption?

Join BYJU'S Learning Program