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Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for which fresh equity shares of Rs. 80,000 are issued at discount of 10%. The amount transferred to Capital Redemption Reserve will be :
  • a)
    Rs. 20,000
  • b)
    Rs. 28,000
  • c)
    Rs. 1,00,000
  • d)
    Rs. 80,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for w...
Equity shares are issued at discount @10%
Therefore, 80000 - 10% = 72000
100000 - 72000 = 28000
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Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for w...
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Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for which fresh equity shares of Rs. 80,000 are issued at discount of 10%. The amount transferred to Capital Redemption Reserve will be :a) Rs. 20,000 b) Rs. 28,000 c) Rs. 1,00,000 d) Rs. 80,000 Correct answer is option 'B'. Can you explain this answer?
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Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for which fresh equity shares of Rs. 80,000 are issued at discount of 10%. The amount transferred to Capital Redemption Reserve will be :a) Rs. 20,000 b) Rs. 28,000 c) Rs. 1,00,000 d) Rs. 80,000 Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for which fresh equity shares of Rs. 80,000 are issued at discount of 10%. The amount transferred to Capital Redemption Reserve will be :a) Rs. 20,000 b) Rs. 28,000 c) Rs. 1,00,000 d) Rs. 80,000 Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Redeemable Preference shares of Rs. 1,00,000 are redeemed at par for which fresh equity shares of Rs. 80,000 are issued at discount of 10%. The amount transferred to Capital Redemption Reserve will be :a) Rs. 20,000 b) Rs. 28,000 c) Rs. 1,00,000 d) Rs. 80,000 Correct answer is option 'B'. Can you explain this answer?.
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