CR AND CRR
This query is : Resolved
Guest
Guest
(Querist)
10 March 2011
what is the main diffrent in capital reserve and capital redempion reserve?
CA Ravi Sisodia
(Expert)
10 March 2011
Capital Reserve -
A type of account on a municipality's or company's balance sheet that is reserved for long-term capital investment projects or any other large and anticipated expense that will be made in the future.
A type of account on a municipality's or company's balance sheet that is reserved for long-term capital investment projects or any other large and anticipated expense that will be made in the future.
CA Ravi Sisodia
(Expert)
10 March 2011
Capital RedemptionRevere is an reserve created when a company buys it owns shares which reduces its share capital. This reserve is not distributable to shareholders and can be used to pay bonus shared issued.
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