Q966
If for the redemption of preference share capital of Rs. 1,00,000, 5,000 equity shares of Rs. 10 each are issued at a discount of 10% the amount to be transferred to Capital Redemption Reserve Fund will be:
A.
Rs. 60,000
B.
Rs. 50,000
C.
Rs. 55,000
AnswerD.
Rs. 45,000
Answer: Option C
Solution
Answer: Option C
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