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ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%?
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ABC ltd redeems it's 5000 12% redeemable preference shares of 100each ...
Assuming that ABC Ltd has sufficient profits to redeem its preference shares, the calculation for the total amount of payment would be:
Total amount to be paid = Number of shares to be redeemed x Par value of shares x Redemption premium
Number of shares to be redeemed = 5000
Par value of shares = 100
Redemption premium = 12%
Therefore, the total amount to be paid would be:
Total amount to be paid = 5000 x 100 x 1.12
Total amount to be paid = 560,000
ABC Ltd would need to pay a total of 560,000 to redeem its 5000 12% redeemable preference shares of 100 each out of profit.
Total amount to be paid = Number of shares to be redeemed x Par value of shares x Redemption premium
Number of shares to be redeemed = 5000
Par value of shares = 100
Redemption premium = 12%
Therefore, the total amount to be paid would be:
Total amount to be paid = 5000 x 100 x 1.12
Total amount to be paid = 560,000
ABC Ltd would need to pay a total of 560,000 to redeem its 5000 12% redeemable preference shares of 100 each out of profit.
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ABC ltd redeems it's 5000 12% redeemable preference shares of 100each ...
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ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%?
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ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%?.
ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ABC ltd redeems it's 5000 12% redeemable preference shares of 100each out of profit &loss account on 31st march 2014 give necessary journal entries if these shares are redeemed at par ai a premium of 10%?.
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