Multiple choice

Rich Ltd. had 3,000, 12% redeemable preference shares of Rs. 100 each, fully paid up. The company issued 25,000 equity shares of Rs. 10 each at par and 1,000 14% debentures of Rs. 100 each. All amounts were received in full. The payment was made in full. The amount to be transferred to Capital Redemption Reserve Account is

  1. Rs. 50,000

  2. Rs. 2,00,000

  3. Rs. 3,00,000

  4. nil
Reveal answer Fill a bubble to check yourself
A Correct answer

Keep practicing — related questions