Profit on sale of sinking fund investment is credited to ….

Related MCQs

• After the redemption of debentures, any credit balance in the Sinking Fund a/c is transferred to -------- a/c.
• After realizing all the investments, the balance in the sinking fund account is transferred to …………
• After all the debentures are redeemed the balance in the sinking fund is transferred to
• After all the debentures are redeemed; the balance in the sinking fund account is transferred to ‐‐‐‐‐‐ ‐‐‐‐‐‐‐.
• ------- profit means profit which would otherwise be available for distribution of dividend.
• The company earns a net profit of 24,000 with a capital of1,20,000. The NRR is 10%. Under capitalisation of super profit, goodwill will be ___________.
• On forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
• The amount of surrendered shares is credited to …
• Amount sacrificed by shareholders are credited to ….
• The excess price received on the par value of shares should be credited to ………….