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Free reserves

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(Querist)
20 April 2016 Is debenture redemption reserve or credit balance in p&l a/c be treated as free reserves
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 April 2016 credit balance in Profit and Loss A/c is free reserve but NOT the debenture redemption reserve
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Rupesh Jain

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Rupesh Jain (Expert)
26 April 2016 debentrure redemption reserve for make payment to debenture on due date and p/l a.c bal. is free reserve.
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