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Redemption of preference shares

Accountancy

P&l account and general reserve can be used interchangeably or in any order???

Reetikaa R

CA Final

★ 7K+

02-May-23 20:06

314

Answers (3)

Yeah u can use it concept will be the same

Anand Sankaran

CA Inter

★ 3K+

02-May-23 21:24

Yeah we can use it !!

Balachandar S

CA Inter

★ 59K+

02-May-23 21:43

ANy order. First preference is generally given to general reserve.

CA Suraj Lakhotia

Admin

03-May-23 10:02