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Adjustment under internal reconstruction and capital reducti

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09 May 2017 Book value of creditors payable in balance sheet is Rs 75000;and adjustment is 30% of creditors payable reduce to the extent of 30% of their book value..what does it mean? And amount of capital reduction?? Please help me out..
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
09 May 2017 book value of creditors is 75000/- Creditors agree to settle is 30% i.e. 22500(75000*30%) Amt of reduction is 6750(22500*30%)
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