HomeTestsSearchRankProfile
mediumMCQCUET Accountancy 2022 20 Aug Shift 22026Accountancy
1 mark

Which A/c is credited for transfer of interest on Debenture Redemption Fund Investment?

  1. A
    Debenture Redemption Fund A/c
  2. B
    Debenture Redemption Fund Investment A/c
  3. C
    Bank A/c
  4. D
    Statement of P & L

Solution & Step-by-step Explanation

Interest earned on Debenture Redemption Fund Investments (DRFI) is directly credited to the Debenture Redemption Fund A/c (or Sinking Fund A/c) as it belongs to the fund and increases its balance.

Practice this question

Try it yourself before checking the explanation above.

Which A/c is credited for transfer of interest on Debenture Redemption Fund Investment?
A
Debenture Redemption Fund A/c
B
Debenture Redemption Fund Investment A/c
C
Bank A/c
D
Statement of P & L

Share This Question

Company AccountsDebentures

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion