Free Reserves and Non Free Reserves
This query is : Resolved
Chaitanyaa
(Querist)
27 December 2021
What is the difference between free reserve and non free reserves with some examples?
Is revaluation reserve a free reserve?
Is revaluation reserve a free reserve?
CA R SEETHARAMAN
(Expert)
27 December 2021
Free reserve means such reserves which, as per the latest audited balance sheet of a company, are available for distribution as dividend:
The capital reserves, revaluation reserves, debenture redemption reserves, securities premium and statutory reserves are non free reserves.
The capital reserves, revaluation reserves, debenture redemption reserves, securities premium and statutory reserves are non free reserves.
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