Accounting · Internal Reconstruction
When a company undergoes internal reconstruction, the remaining credit balance in the 'Capital Reduction Account' (after writing off accumulated losses and overvalued assets) must be transferred to which account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Securities Premium Account
- 2Capital Reserve✓
- 3Profit and Loss Account
- 4General Reserve
Correct answer
Capital Reserve
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