Capital Redemption Reserve fund and its uses.
- 1 Answers
- 30753 Views
- Genpact, I also Faced
- E-Mail Answers
Answer / bjanmejai
CRR Pertain to Capital Redemption Reserve fund which is created to secure the creditor & also it is mandatory to create while making the buy back of Share capital,b'coz after buy back the share capital reduce by such amount.(means the owner has paid before the liability being pay of the outsider & this give unsecurity to Creditor, that why it is mandatory to create the same with nominal value of share...)
CRR can be used for as per the Act for Instance... Issue of Bonus share,some extend to the payment of Dividend after approval from Central Government.
DRR is to be created for the payment security of Debenture only.
| Is This Answer Correct ? | 40 Yes | 16 No |
what is mean by portfolio Management?
which subsidiary book is source of these:debit note,credit slip,
golden rules of accounting
Should we take the taxes in to P& L A/c.
hello friends i like to know journal entry for one loan transaction ie if you purchase a car for EMI with initial payment how to make first entry & monthly entry any thing is there? pls reply to me.
how to pass year ending entries for VAT treatment?
why we prepare our accounts of book and why do audit our accounts of book
interest on drawing will fall under which group in tally?
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
Diffrence between Statutory Audit & Internal Audit
what is the loss of a company
How can I pass the journal entry for Work in progress. I would like to know that where should be the debit and credit allocated in accounting system. eg. WIP debit will be under asset a/c in balance sheet what about credit? pls.help me
Audit 
