The summarised balance sheet of Gaur Ltd. on December 2004 was as follows: On the above date,
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The summarised balance sheet of Gaur Ltd. on December 2004 was as follows:
On the above date, the preference shares were redeemed at a premium of 10%. You are required to pass journal entries and give the amended balance sheet.
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Pass Journal Entry for Redemption of Preference Shares When redeeming preference shares we need to c...View the full answer
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