Question

A company has ₹10,00,000 10% Redeemable Preference Shares. These are redeemed at 10% premium out of fresh equity issue of ₹6,00,000 and balance from reserves. The company’s Securities Premium A/c has ₹50,000. How much should be transferred from General Reserve to Capital Redemption Reserve (CR

  • R ?
A ₹4,50,000
B ₹3,50,000
C ₹5,00,000
D ₹4,00,000
E ₹6,00,000
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