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:
Held on 8 Aug 2022 · Verified 13 Jul 2026.
Rs. 1,00,000
Rs. 50,000
Rs. 1,10,000
Rs. 60,000
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Amount of discount allowed on the reissue of forfeited shares cannot exceed the amount that has:-
The period of how many month/months must elapse between two calls.
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A share having a face value of Rs.12, on which Rs. 10 is called-up and Rs. 8 is paid, is forfeited. State the amount with which the Share Capital account will be debited
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