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A company has to redeem redeemable preference shares of the value of Rs. 1,00,000 at a premium of 10% for which the company has issued 5,000 equity…

CUET UG 2022 — Accountancy Company Accounts

2022mcqhard

A company has to redeem redeemable preference shares of the value of Rs. 1,00,000 at a premium of 10% for which the company has issued 5,000 equity shares of Rs. 10 each at a premium of 20%. The amount to be transferred to capital redemption reserve account would be:

Official previous-year question

Held on 8 Aug 2022 · Verified 13 Jul 2026.

Options

  1. A

    Rs. 1,00,000

  2. B

    Rs. 50,000

  3. C

    Rs. 1,10,000

  4. D

    Rs. 60,000

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