Which of the following cannot be used for the purpose of creation of capital redemption reserve account?

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Which of the following cannot be used for the purpose of creation of capital redemption reserve account?
(A) Profit and Loss A/c (credit balance)
(B) General Reserve A/c
(C) Dividend Equalization Reserve A/c
(D) Unclaimed Dividends A/c

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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