Adjustment under internal reconstruction and capital reducti
This query is : Open
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..
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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