Reserves and surplus vs authorised capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2013 Sir,
My query is can we book reserves and surplus morethen Authorised Capital Amount.

Kindly reply.
Aarti

Guest

Guest (Expert)

16 January 2013 Yes why not? Reserves are related to profit accumulated and transferred to reserve a/c. Nothing to do with authorised capital.

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