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?
A. Rs. 72,000
B. Rs. 1,20,000
C. Rs. 1,28,000
D. Rs. 2,00,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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