Which of the following statement is true?
Redeemable Preference Shares can be redeemed

Ploughing-back of profits means:

Debit: all Expenses and Losses
Credit: all Gains or Income
This formula is applicable for:

Match the following.
List-I List-II
a. Buy-back of equity shares must be authorised by 1. Not allowed
b. Buy-back of partly paid equity shares 2. Governs buy back of shares
c. Redemption of preference shares 3. Article of Association
d. Section 68 of the Companies Act 4. Only fully paid