Capital Redemption Reserve fund and its uses.
- 1 Answers
- 30765 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
credit card all entry pass in tally
Tell me in balance sheet, where do you show tds?
How much statistics knowledge is necessary or required in accounting?
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
Differentiate between provision and reserve?
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
Knowing what you know now, walk me through what you would do differently to drive even more success?
what is a register when referring to accounting or bookkeeping?
What are the 4 principles of gaap?
Recent banking question for 2015 interview for scale2 exam of sbm
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
What is icai?
What is double-entry accounting? Explain with an example?
sir i want know how to fill vat return
How do you prepare mis reports?
