Dear Friends,
May someone resove my small query " Where the Capital Reserve Account can be utilized?"
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Capital Reserve
Replies (8)
For issuing Bonus Shares !!
To Write Off Capital Losses (Example- Discount on issue of shares and debentures) !!
As far as I know, dividend cannot be declared out of Capital Reserve...
Please corect me if I am wrong..
Regards
Priya Sharma
CS final Student
Yes, u r right !!
1). premium on redemption of shares & debunters
2). written off goodwill
am i wright ??
yes i think u r right ravi sir
Capital reserve can be utilized for bonus issue of shares (but not to be taken to the extent such reserve includes any profit on revaluation of fixed assets / provided it is not created out of revaluation of fixed assets)
what is the minimum capital required to be contributed by a partner at the time of formation of partnership firm.
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