Hi dear all!
Please tell me what are the use of Capital Redemption Reserve created after redemption of Redeemable prefernce shares ?
Book which I generally refer mention that Co. can use CRR for the purpose of bonus issue and redemption of redeemable preference shares, In that case if I utilised CRR for further redemption then what will be accounting entries in that regard ?does that ean I need not require further CRR at the time of next redemption ?
Please clarify my doubts at the earliest
Thanks and regards
CAclubindia
