-
During the year 2008-09, T. Ltd. issued 20,000, 12% Preference Shares of Rs. 10 each at a premium of 5%, which are redeemable after 4 years at par. During the year 2013-14, as the company did not have sufficient cash resources to redeem the preference shares, it issued 10,000, 14% debentures of Rs. 10 ea ch at a pr emium of 10%. At the time of
redemption of 12% preference shares, the amount to be transferred to capital redemption reserve will be
-
(a) Rs. 90,000
-
(b) Rs. 1,00,000
-
Rs. 2,00,000
-
(d) Rs. 1,10,000
Menu
Cpt
Replies (2)
90000 transfers to CRR account ...
200000 redemption of preference shares can't be paid with debenture.. I will be thorough equity or preferences or securities premium
Recent Topics :
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
Related Topics :
CAclubindia
