Related Questions

When all the debentures are redeemed, the balance left in the Debenture Sinking Fund Account is transferred to
When all the debentures are redeemed, the balance left in the debenture sinking fund account is transferable to 
Assertion (A): Sinking fund is a charge against profit and loss account.
Reason (R): Sinking fund is created for repayment of a long-term liability.
Which of the following statements is correct?
Assertion (A) Sinking fund is a charge against profit and loss account.
Reason (R) Sinking fund is created for repayment of a long-term liability.