BUYBACK OF SECURITIES

Accountancy

This is dec21 QP.. Anyone kindly explain how the highlighted ones came?..why we deduct face value of preference shares redeemed from Reserves and surplus?

Sr the Unique

CA Inter

★ 10

04-Aug-25 11:54

193

Answers (2)

To transfer to Capital redemption reserve. Redemption of prefence shares is now in CA foundation. earlier it used to be in CA Inter.

CA Suraj Lakhotia

Admin

04-Aug-25 12:30

CA Suraj Lakhotia Admin

To transfer to Capital redemption reserve. Redemption of prefence shares is now in CA foundation. earlier it used to be in CA Inter.

Thank you sir..

Thread Starter

Sr the Unique

CA Inter

★ 10

04-Aug-25 12:59