CA CPT June 2019 Question Paper Fundamentals of Accounting for online practice
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Question : 54 of 59
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Preference share capital Rs.5,00,000
(50,000 shares @ Rs.10 each)
General reserve Rs. 3,00,000
Security premium Rs. 30,000
Preference shares are to be redeemed at 10 % premium. What is the number of fresh equity shares to be issued @ Rs. 100 each at premium of 10% after using the above reserve?
(50,000 shares @ Rs.10 each)
General reserve Rs. 3,00,000
Security premium Rs. 30,000
Preference shares are to be redeemed at 10 % premium. What is the number of fresh equity shares to be issued @ Rs. 100 each at premium of 10% after using the above reserve?
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