True or False. Capital redemption reserve can be used to write off past losses of the company.

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Corporate Accounting

ISBN: 9789353160739

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Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:47 AM

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True or False. Capital redemption reserve can be used for converting partly paid shares into fully paid.
Capital redemption reserve A/c is used: (a). To write off past losses. (b). To issue fully paid bonus shares. (c). To declare dividends. (d). To Capital Reduction A/c.
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True or False. Capital redemption reserve can be used to write off past losses of the company.

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Corporate Accounting

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