CA CPT Dec 2015 Question Paper Fundamentals of Accounting for online practice

S Ltd. issued 2,000, 10% preference shares of Rs. 100 each at per, which are redeemable at a premiumof 10%. For the purpose of redemption, the company issued 1,500 Equity share of Rs. 100 each at apremium of 20% per share. At the time of redemption of preference shares, the amount to betransferred by the company to the Capital Redemption Reserve Account =?