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Reduction of share capital
Can any one provide me accounting treatment i.e journal of reduction of share capital.?
Replies (2)
Share Capital a/c Dr.
To capital reduction a/c
To capital reduction a/c
ok, Thank you Sir. Suppose, XYZ has Paid Up Capital Rs. 10 Lakhs and Reserve and Surplus has negative balance i. e Rs. (5,00,000) .
1.Can we reduced Capital through written off accumulated loss ?
2. Is any effect shown in assets side of Balance Sheet.
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