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X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000?.

Solutions for X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? defined & explained in the simplest way possible. Besides giving the explanation of X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000?, a detailed solution for X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? has been provided alongside types of X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? theory, EduRev gives you an ample number of questions to practice X and company issued 50,000 equity shares of ₹10 each and 3,000 redeemable preference shares of ₹100 each, all shares being fully called and paid up. on 31st March, 2019 surplus account showed an undisturbed profit of ₹50,000 and general reserve account stood at ₹ 1,20,000. on 2nd april, 2019 the directors decided to issue 1,500 6% preference shares of ₹100 each for cash and to redeem the existing preference shares at ₹105 utilising as much profits as would be required for purpose. show the journal entries to record these transactions. prepare also a summarised balance sheet showing the position of the company on completion of the redemption. on 31st march, 2019 the cash balance amounted to ₹1,85,000 and sundry creditors stood at ₹87,000? tests, examples and also practice Commerce tests.