For what purposes can capital reserve be used? – InterviewSolution

1.

For what purposes can capital reserve be used?

Answer»

Capital reserve can be used for the following purposes :

To write off capital losses,
To write off fictitious assets like discounts on issue of debenture, preliminary expenses, etc.
To give bonus shares, if there is provision in Articles of Association of the company and
To write off intangible assets like goodwill, copyright, etc.

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