Question

how to find capital redemption reserve and balance sheet
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Answer 1

Answer:

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Explanation:

When a company decides to redeem the redeemable preference shares out of the profits that are otherwise available for paying dividends, it needs to create the Capital Redemption Reserve A/c. The amount in the Capital Redemption Reserve is equal to the nominal value of the redeemable preference shares.

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Answer 2

HERE IS YOUR ANSWER MATE......;

When a company decides to redeem the redeemable preference shares out of the profits that are otherwise available for paying dividends, it needs to create the Capital Redemption Reserve A/c. The amount in the Capital Redemption Reserve is equal to the nominal value of the redeemable preference shares.

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