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Q. |
When debentures are redeemed from out of profits an equal amount is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐ account. |
A. | Capital reserve |
B. | Capital Redemption Reserve |
C. | Debenture redemption reserve |
D. | General Reserve. |
Answer» C. Debenture redemption reserve |
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