

McqMate
Q. |
When own debentures are cancelled, any profit on cancellation is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
A. | Profit and Loss Account |
B. | General reserve |
C. | Capital Reserve |
D. | Sinking fund |
Answer» C. Capital Reserve |
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