Question

Q.no 1. Share Capital Redemption Fund in a Cooperative Society is shown on the
A: Debit side of Profit and Loss Account
B: Credit side of Profit and Loss Account
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C: Liabilities side of the Balance Sheet
D: Asset side of the Balance Sheet​

Answer 1

Answer:

Statements of a Company ... Insurance fund is not an example of divisible profits. D ... Hence, they will be shown on the liabilities side of balance sheet under the head Reserves ...

Debenture redemption reserve is created is created out of the divisible profits for redemption of debentures. As per the provisions of companies ...