Accountancy, asked by tinkumajhi9090, 7 months ago

free reserve does not includes

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Answered by rimjhim2791

0

Answer:

Anomaly in definition of Free reserves under companies Act, 2013. ii. any change in carrying amount of an asset or of a liability recognized in equality including in surplus in the profit and loss amount on measurement of the assets or a liability at the fair value, shall not be treated as free reserve.

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