undistributed profit Redemption of preference share

Accountancy

What You meant by undistributed profit Is securities premium and other reserves included?. What are the elements in undistributed profit?

Nirmal K P

CA Final

★ 9K+

05-Dec-21 20:29

643

Answers (3)

If suppose 50000 worth perf share are redeemed by issuing 20000 worth of equity . remaining 30000 are undistributed profit this amount should be trf to CRR

Devendra Rajput

CA Inter

★ 425

05-Dec-21 21:11

I asked is securities premium is undistributed profit or general reserves or other reserve

Thread Starter

Nirmal K P

CA Final

★ 9K+

05-Dec-21 21:40

Thread Starter

Nirmal K P

I asked is securities premium is undistributed profit or general reserves or other reserve

Security Premium is not undistributed profit or general reserve. It is a part of Other reserves .

CA Suraj Lakhotia

Admin

06-Dec-21 10:18