A company wants to redeem its 10,000 6% preference shares of 10 each, fully paid at 10%
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A company wants to redeem its 10,000 6% preference shares of ₹10 each, fully paid at 10% premium. The ledger accounts show the following balances:
The directors redeemed the shares by making minimum fresh issue of equity shares of ₹10 each, at a premium 5%. Give journal entries.
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For the Redemption of Preference Shares Preference Shares Ac Dr 100000 Securities Premiu...View the full answer
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