Redeemable Preference Shares of Rs. 2,00,000 are to be redeemed at a premium of 10%. Balance...
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Redeemable Preference Shares of Rs. 2,00,000 are to be redeemed at a premium of 10%. Balance sheet shows profit Rs. 30,000. General Reserve - Rs. 20,000; Share Premium - Rs. 8,000 and Dividend Equalization fund Rs.50,000. How much fresh capital should be issued in order to comply with the provisions of Sec.80 of the companies act, 1956? Redeemable Preference Shares of Rs. 2,00,000 are to be redeemed at a premium of 10%. Balance sheet shows profit Rs. 30,000. General Reserve - Rs. 20,000; Share Premium - Rs. 8,000 and Dividend Equalization fund Rs.50,000. How much fresh capital should be issued in order to comply with the provisions of Sec.80 of the companies act, 1956?
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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