Redeemable preference shares of Rs. 1,00,000 are redeemed at par for which purpose fresh equity shares of Rs. 80,000 are issued at a discount of 10%. The amount to be transferred to Capital Redemption Reserve Fund will be:
A. Rs. 20,000
B. Rs. 28,000
C. Rs. 1,00,000
D. Rs. 80,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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