CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice
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Question : 49 of 53
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The Capital of a company consists of:
15,000 14% Preference shares of a Rs. 10 each fully paid
10,000,10 % preference shares of Rs.10 each Rs, 8 paid
The company has a credit balance of Rs. 2,00,000 in Profit & Loss A/c And Rs. 75,000 in General Reserve.
If the company wants to redeem the Preference shares at a premium of Rs. 2 per share Calculate the amount to be transferred to the Capital Redemption Reserve.
15,000 14% Preference shares of a Rs. 10 each fully paid
10,000,10 % preference shares of Rs.10 each Rs, 8 paid
The company has a credit balance of Rs. 2,00,000 in Profit & Loss A/c And Rs. 75,000 in General Reserve.
If the company wants to redeem the Preference shares at a premium of Rs. 2 per share Calculate the amount to be transferred to the Capital Redemption Reserve.
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