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Question : Choose which of the following statements is true?

Option 1: Debentures Redemption Reserve is set aside by a company out of amount available for payment of dividend.

Option 2: General Reserve can be transferred to Debentures Redemption Reserve.

Option 3: Both 1 and 2

Option 4: None of the Above 


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Both 1 and 2


Solution : Answer = Both 1 and 2

Debentures Redemption Reserve is set aside by a company out of the amount available for payment of dividends because if debentures are redeemed out of profit and at the end of the year   General Reserve can be transferred to Debentures Redemption Reserve.
Hence, the correct option is 3.

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