Dear Friends,
May someone resove my small query " Where the Capital Reserve Account can be utilized?"
CS.MANISHKUMAR (Company Secretary) (44 Points)
07 November 2009Dear Friends,
May someone resove my small query " Where the Capital Reserve Account can be utilized?"
The Harshit Aggarwal
(B.Com(H) ,CS Final)
(5278 Points)
Replied 07 November 2009
For issuing Bonus Shares !!
The Harshit Aggarwal
(B.Com(H) ,CS Final)
(5278 Points)
Replied 07 November 2009
To Write Off Capital Losses (Example- Discount on issue of shares and debentures) !!
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 07 November 2009
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
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 07 November 2009
1). premium on redemption of shares & debunters
2). written off goodwill
am i wright ??
Ashish Ojha
(Chartered Accountant)
(469 Points)
Replied 07 November 2009
yes i think u r right ravi sir
SHIRISH SULE
(ASSOCIATE)
(21 Points)
Replied 31 July 2012
what is the minimum capital required to be contributed by a partner at the time of formation of partnership firm.
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