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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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