Question

what do you mean by capital redemption reserve account?how is it created?how it be utilised?​

Answer 1

Answer:

Hölã,

Explanation:

Capital redemption reserve account is a type of reserve maintained by a company limited by shares and as the name suggests this reserve deals with shares which are redeemable. The shares which are purported to be redeemed are paid out of the profits of a company.

Brainliest plzz..

@Itzjanu143

... ❤️...

Answer 2

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• Capital redemption reserve account is a type of reserve maintained by a company limited by shares and as the name suggests this reserve deals with shares which are redeemable. The shares which are purported to be redeemed are paid out of the profits of a company.