A limited company has to redeem redeemable preference shares of the value of Rs. 1,00,000 for which the company has issued 3000 equity shares of Rs. 10 each at a premium of 10%. The amount to be transferred to capital redemption reserve account will be:
A. Rs.1,00,000
B. Rs. 97,000
C. Rs. 70,000
D. Rs. 67,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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