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Y Ltd. has 2,00,000 9% redeemable preference shares of 10 each fully paid. Thecompany decides to redeem the shares at par. For the purpose, it issues 80,000 equityshares at 10 each. The Board also decides to utilise a general reserve of 7,00,000 andany amount required from profit and loss account which has a credit balance of 7 6,00.000,The issue was fully subscribed and all the amounts were received. The redemption wasduly carried out. Give journal entries.llar paid redeemable preference shares of 100 each, each |
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Answer» what is this I am not having any answer I don't know LET any one answer you can SEARCH from GOOGLE |
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