English, asked by ritikakumawat24, 5 months ago

In internal reconstruction the balance in capital reduction account is utilised for


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Answers

Answered by sweetsparkle19
3

Answer:

Capital Reduction/Reconstruction Account is used for reducing share capital, paying/waiving off liabilities or revaluation of assets in order to write off unnecessary items such as P/L (Dr), Goodwill, Fictitious assets etc.

Explanation:

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