X co ltd has to redeem redeemable preference shares of the value of 2,00,000 at a premium
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X co ltd has to redeem redeemable preference shares of the value of ₹2,00,000 at a premium of 10% for which the company has issued 10,000 equity shares of ₹10 each at a premium of 20. You are required to calculate the amount to be transferred to capital redemption reserve account.
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