07 August 2017
Can anyone please explain this
Fully paid 8% preference shares of face value of Rs. 10,00,000 were redeemed at a premium of 3%.In this connection 60,000 equity shares of Rs. 10 each were issued at premium of Rs. 2 per share. The entire money being received with applications.
07 August 2017
Whether preference shares are redeemed by issuing equity shares or both are different (Since it is written in question that "In this connection")
CAclubindia
