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Redemption of debentures

Accountancy

In case of profit or loss on sale of DRRI investment That should be transferred to DRR or p&l account

Sairam Reddy

CA Final

★ 10K+

05-Jul-21 01:17

476

Answers (7)

Best Answer

They can be transferred to P&L A/c

Sahibdeep Singh

CA Inter

★ 14K+

05-Jul-21 11:18

Profit or loss transfer to Drr and ULTIMATELY DRR TRANSFER to general reserve

Surya Prakash

CA Final

★ 19K+

05-Jul-21 07:07

Surya Prakash

Profit or loss transfer to Drr and ULTIMATELY DRR TRANSFER to general reserve

But as per recent ammendments Creation of DRR is not mandatory but DRRI is mandatory for some companies.Then what we have to do in that situation. I can't find any illustrations on my doubt

Thread Starter

Sairam Reddy

CA Final

★ 10K+

05-Jul-21 07:12

Surya Prakash

Profit or loss transfer to Drr and ULTIMATELY DRR TRANSFER to general reserve

Bro did you got what is my doubt

Thread Starter

Sairam Reddy

CA Final

★ 10K+

05-Jul-21 07:24

Thread Starter

Sairam Reddy

But as per recent ammendments Creation of DRR is not mandatory but DRRI is mandatory for some companies.Then what we have to do in that situation. I can't find any illustrations on my doubt

Actually I said as per Nov 2021 attempt this attempt I got exemption so I not referred ammendments sry as per amendments I too don't know

Surya Prakash

CA Final

★ 19K+

05-Jul-21 07:27

Please any one say treatment for that

Thread Starter

Sairam Reddy

CA Final

★ 10K+

05-Jul-21 10:57

Sahibdeep Singh

They can be transferred to P&L A/c

Thank you so much sir

Thread Starter

Sairam Reddy

CA Final

★ 10K+

05-Jul-21 11:19