Accountancy, asked by krishnaking4341, 1 year ago

Minium amt of profit transfered to DRR

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Answered by amritanshu6

DRR is created out of profits of the company & is debited to the statement of P&L(which means profit is reduced). now at the time of redemption of debentures, DRR is transferred to general reserve to give effect to the earlier reduction in profit.

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