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What are free reserves under companies act 1956?
investment allowance reserve, capital reserve received in cash, security premium received in cash,capital redemption reserve,
What are the 7 current liabilities?
Equity shares, debenture, secured loan, non secured loan, borrowings, reserves , retained earnings
Free reserves under S372A of the companies Act 1956 whether includes capital reserves?
No, Capital reserves cannot be part of free reserves under S372A of Companies Act 1956.
What are the 7 non current liabilities?
Equity shares, debenture, secured loan, non secured loan, borrowings, reserves , retained earnings
What is capital redemption reserves?
Capital Redemption Revere is an reserve created when a company buys it owns shares which reduces its share capital. This reserve is not distributable to shareholders and can be used to pay bonus shared issued.
How has creating extractive reserves helped to conserve the Amazon rain forest?
It has made deforestation unnecssary.
What should be Journal entry for creation of general reserve?
Reserves always created from profit. Therefore the Journal entry will be for creating reserves Dr Profit & Loss A/c CR Reserve A/c
How large are the oil reserves in the region?
The oil reserves in the region vary significantly depending on the specific location. It's essential to consult up-to-date data from official sources or oil companies to obtain accurate information on the size of oil reserves in a particular region.
Can revaluation reserve be use for bonus issue?
Yes it can use any of the capital reserves for the purpose, like Share Premium Account, Capital Redemption Reserve & Revaluation Reserve...
The Teapot Dome Scandal in 1923 dealt with reserves of what natural resource?
The Teapot Dome Scandal centered around the secret leasing of federal oil reserves to private oil companies. The Secretary of the Interior, Albert Bacon Fall, received gifts of cash and other considerations from these companies.
Scandal concerning oil reserves?
The scandal concerning oil reserves typically involves companies or governments misreporting or manipulating data on their oil reserves for financial gain or to mislead investors. This can shake public trust in the industry, impact stock prices, and lead to legal repercussions for those involved. It is crucial for regulators to closely monitor and enforce transparency in reporting oil reserves to maintain the integrity of the market.
What can generally not be a source of life insurance policy dividends?
Dividends are paid only by mutual insurance companies, not by stock insurance companies. All insurance companies are required by the state regulatory authorities where they do business to maintain statutory reserves to ensure that there is sufficient money on hand to pay expected losses. Therefore, dividends cannot be paid from reserves. Instead, they are generally paid by earnings on the investments made by the mutual insurer.
