02-24-2006, 01:15 AM
Well most of them are clear from their name.
IMHO
SPA is and a/c where the ammount exceeding the nominal value of share alloted is credited.
SR is a reserve created to comply a legal requirement.
CR is a reserve created for buying a fixed asset.
GR as it sounds is general reserve, can do anyting with it.
SRIFA is also clear from the name, sec 235 deals with it.
Note Whenever reserves are to be utalised, usually bonus shares are issued.
IMHO
SPA is and a/c where the ammount exceeding the nominal value of share alloted is credited.
SR is a reserve created to comply a legal requirement.
CR is a reserve created for buying a fixed asset.
GR as it sounds is general reserve, can do anyting with it.
SRIFA is also clear from the name, sec 235 deals with it.
Note Whenever reserves are to be utalised, usually bonus shares are issued.
