Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Capital Reserve and Reserve
Capital?
- 26 Answers
- 96122 Views
- Agarwal Associates, Brigade, College School Exams Tests, Firm, Microsoft, TAHDCO, I also Faced
- E-Mail Answers
Answer Posted / sai keerthi
CAPITAL RESERVE a company may decide by passing a special resolution that a certain portion of its subscribed uncalled capital shall not be called-up except in the event of winding up of the company.It may be called-up in the case of liquidation of the company CAPITAL RESERVE refers to that amount which is not regarded as free for distribution to shareholders by way of dividend.It is statutory to create capital reserve in the case of profit on forfeited shares.Capital reserve is required to be disclosed as the first item under the head of 'reserves & surplus' on the liabilities side of the balance sheet. This cannot be used during the lifetime of the company. Capital reserve is that amount which has already been realized. This cannot be used to writeoff capital losses. It can be used to declare a bonus shares.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What are the accounting conventions and Practices?
What is the difference between payable and accrual
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
Give me total Details of payroll calculation, payslip with examples.
genpact uk based shift timings? and R2R job profile?
How do we return the loan in equal installments with interest in tally
What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?
how to maintain stock if any entry mismatch pllzz tell me short cut
what is sales life cycle???
Why you want to leave your present job while they offer you with good offer?
What is Insider Trading ?
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?
---------is the main or principle book of accounts
