Question

why DRI AND DRR are created in accounts class 12th

Answer 1

Hello Dear !
Your answer is here =>

Section 71(4) of the Companies Act, 2013 requires the company to create debenture redemption reserve out of the profits available for payment of dividend .

When debentures are redeemed out of capital , no transfer is made to general reserve or debenture redemption reserve account.

Hope it helps u!