From the following details calculate the number of equity shares of Rs. 10 each to be...
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From the following details calculate the number of equity shares of Rs. 10 each to be issued in order to redeem the preference shares. 12% Redeemable preference shares of Rs. 10 each = Rs. 150,000 Security premium A/c = Rs. 15,000 General Reserve A/c = Rs. 10,000 Profit and loss A/c = Rs. 14,000 Redeemable preference shares are to be redeemed at 10% premium. From the following details calculate the number of equity shares of Rs. 10 each to be issued in order to redeem the preference shares. 12% Redeemable preference shares of Rs. 10 each = Rs. 150,000 Security premium A/c = Rs. 15,000 General Reserve A/c = Rs. 10,000 Profit and loss A/c = Rs. 14,000 Redeemable preference shares are to be redeemed at 10% premium.
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b11 Redeemable preference share of Rs10 each 150000 150000 x 11 16500 ... View the full answer
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