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Company has to Redeem10,000; 7% Preference sharesof Rs 10 each. For thatcompany has created CRR ofRs 30,000. So company has tomake fresh issue of sharesworth Rs |
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Answer» Answer: how Step-by-step explanation: ASCERTAINMENT of minimum fresh issues of equity shares is calculated as: Method 1: (a) At first, calculate the AMOUNT paid to the preference shareholders (without PREMIUM), i.e., Capital sum/Principal amount. (b) DEDUCT the amount taken from General Reserve/Profit & Loss ACCOUNT for Capital Redemption Reserve Account. |
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