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Is Debenture Redemption Reserve is really utilise for redemption of debentures?
Replies (4)
Yes, DRR(Debenture Redemption Reserve) comes under Revenue Reserves & this reserve is a Statutory Reserve(Requirement of Law/AS).
So ofcourse it is utilized for Redemption of Debentures.
Thanks, kindly go on detail.
https://www.moneylife.in/site/userimage/image/1362658902_requirement-chart.png
go for more detail
Drr is created for redemption of debentures .. after redemption it will transfer to general reserve
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