11 September 2010
No. They are both different. Sinking fund, usually created in accordance with the Co-operative Societies Act. Under the State's Co-operative Societies Act, depreciation is not provided on building, instead, in its place, members have to contribute, periodically, an amount, to the Sinking Fund, to provide for repairs and renewals of the building, in accordance with its bye-laws.
Debenture redemption reserve is created under the Companies Act. Every year, proportionate amount is transferred out of the profits, to provide for the redemption of debenture.
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