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Others 346 views 2 replies
  1. During the year 2008-09, T. Ltd. issued 20,000, 12% Preference Shares of Rs. 10 each at a premium of 5%, which are redeemable after 4 years at par. During the year 2013-14, as the company did not have sufficient cash resources to redeem the preference shares, it issued 10,000, 14% debentures of Rs. 10 ea ch at a pr emium of 10%. At the time of 

    redemption of 12% preference shares, the amount to be transferred to capital redemption reserve will be

  2. (a)  Rs. 90,000

  3. (b)  Rs. 1,00,000

  4. Rs. 2,00,000

  5. (d)  Rs. 1,10,000

Replies (2)
90000 transfers to CRR account ...
200000 redemption of preference shares can't be paid with debenture.. I will be thorough equity or preferences or securities premium


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