Accountancy, asked by pikachu202852, 9 months ago

what do you mean capital redemption reserve account? how is it created?

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Answered by Anonymous

Answer:

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.

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