Correct option is D
Upon the redemption of all debentures, the balance in the Debenture Redemption Fund account is transferred to the General Reserve. This reserve is a part of the owners’ equity and is used for general business purposes.
Upon the redemption of all debentures, the balance in the Debenture Redemption Fund account is transferred to the General Reserve. This reserve is a part of the owners’ equity and is used for general business purposes.