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On redeeming preferences by using Divisible profit we cannot use capital reserve because we can use them for distributing divided, am I right sir
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
19-Nov-20 10:19
272
Answers (3)
Because we cannot use them for distributing divided*
Thread Starter
19-Nov-20 10:24
We cannot use capital reserve to distribute dividends (in most of cases)
CA Suraj Lakhotia
Admin
19-Nov-20 10:47
Thank you sir
19-Nov-20 11:05