English, asked by krittikasharaff20, 9 months ago

what is capital reduction account when why it is prepared

Answers

Answered by Anonymous

1

Answer:

The Capital Reduction Account is a temporary account opened in order to carry out the internal reconstruction. When the scheme is carried out, the account is closed. The Capital Reduction Account represents the sacrifice made by the Shareholders, Debenture-holders, Creditors

Explanation:

Answered by lohithsgh200

0

Answer:

The Capital Reduction Account is a temporary account opened in order to carry out the internal reconstruction.

Explanation:

The Capital Reduction Account is a temporary account opened in order to carry out the internal reconstruction. When the scheme is carried out, the account is closed. The Capital Reduction Account represents the sacrifice made by the Shareholders, Debenture-holders, Creditors etc.

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