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Redeemable Preference Shares of Rs 2 00 00 are to be...

This question belongs to Commerce Accounting
Accounting
?

Redeemable Preference Shares of Rs. 2,00,00 are to be redeemed at par for which purpose fresh Equity Shares of Rs. 80,000 are issued at a discount of 10%. What amount should be transferred to Capital Redemption Reserve Accounts?

Answer & Solution
Correct Answer: Option C
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