Redeemable preference shares of Rs. 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:
A. Rs. 80,000
B. Rs. 1,20,000
C. Rs. 2,00,000
D. Rs. 40,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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