50,000 equity shares of Rs. 10 each, issued at Rs. 20, for the purpose of redemption of preference share capital amounting Rs. 7,50,000. How much amount will be transferred to capital redemption reserve?
A. Rs. 2,00,000
B. Rs. 2,50,000
C. Rs. 5,00,000
D. Rs. 10,00,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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