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A limited company has to redeem redeemable preference shares of the...

This question belongs to Commerce Accounting
Accounting
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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:

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Correct Answer: Option C
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