what is the difference between capital reserve and reserve and surplus
thanks and regard
abid
1 Replies
CA Akshat
(article)
(422 Points)
Replied 24 April 2008
reserve and surplus are free reserve and arise out of the profit (which is revenue profit) some portions of profit are transferred to reserve and surplus
capital reserve arise out of the capital profit like sale of fixed assets etc.
dividendcan be declared from free resrve whereas from capital reserve declaration of dividend is restricted
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
CAclubindia
