Question

Investment allowance reserve is a
​

Answer 1

Answer:

your answer is in attachment...

mark as branliest, give thanks and follow...

Answer 2

Investment allowance reserve is deleted long back from the Income Tax Act. When preference shares are redeemed, CRR is created to the extent of the share capital redeemed out of the accumulated P&L reserves. ... A company has 100 shares of Rs. 10/- each.

hope it helps....