English, asked by saqeebkhan2222, 5 months ago

balance of capital reduction is transferred to

Answers

Answered by Anonymous

3

Explanation:

When the scheme is carried out, the account is closed. The Capital Reduction Account represents the sacrifice made by the Shareholders, Debenture-holders, Creditors etc. This sacrificed amount is credited to this account. ... If there is any balance in this account, it will be transferred to Capital Reserve Account.

Answered by tanvi1307

0

Answer:

When the scheme is carried out, the account is closed. The Capital ReductionAccount represents the sacrifice made by the Shareholders, Debenture-holders, Creditors etc. This sacrificed amount is credited to this account. ... If there is anybalance in this account, it will betransferred to Capital Reserve Account.

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