Accountancy, asked by 7mafvieeex, 5 months ago

any credit balance on capital reduction account after writing
off loses is transferred to which account?

Answers

Answered by ishuism000

Explanation:

The balance if any, should be transferred to Capital Reserve Account. The entries are: Now, accumulated losses and fictitious assets can be written-off with the help of the Capital Reduction Account

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any credit balance on capital reduction account after writingoff loses is transferred to which account?

Answers

any credit balance on capital reduction account after writing
off loses is transferred to which account?