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    Question

         Debenture redemption reserve is transferred to

    which reserve:
    A Securities premium Correct Answer Incorrect Answer
    B Debenture Correct Answer Incorrect Answer
    C General Correct Answer Incorrect Answer
    D Specific Correct Answer Incorrect Answer
    E Any of the above Correct Answer Incorrect Answer

    Solution

    Debenture redemption reserve is transferred to general reserve by debiting debenture redemption reserve account and crediting general reserve account.

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