Why grr transferred to general reserve after redemption?
Answers
Answered by
142
hey mate your answer is here..........
DRR is created out of profits of the company & is debited to the statement of P&L(which means profit is reduced). now at the time of redemption of debentures, DRR is transferred to general reserve to give effect to the earlier reduction in profit.
hope it will help you please mark the answer as brainlist and don't forget to follow me for such type of answers........
Answered by
16
DRR is created out of profits of the company & is debited to the statement of P&L(which means profit is reduced). now at the time of redemption of debentures, DRR is transferred to general reserve to give effect to the earlier reduction in profit.
Similar questions
Social Sciences,
6 months ago
Environmental Sciences,
6 months ago
Economy,
11 months ago
Physics,
11 months ago
Biology,
1 year ago
CBSE BOARD X,
1 year ago