CA CPT Model Test Paper 13 with solutions for online practice
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Question : 57 of 200
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Balance of Profit & Loss a/c : ₹ 90,000
Balance of security premium a/c : ₹ 20,000
Preference share capital :₹ 3,00,000
Company prepares financial statement by complying accounting standards for such class of companies is prescribed U/S 133. Company wants to redeem preference shares at 10% premium. Amount of security premium can be utilized.
Balance of security premium a/c : ₹ 20,000
Preference share capital :₹ 3,00,000
Company prepares financial statement by complying accounting standards for such class of companies is prescribed U/S 133. Company wants to redeem preference shares at 10% premium. Amount of security premium can be utilized.
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