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Commerce · Q2003

Accounting

Graduate and Post Graduate · Commerce · question 2003

Q2003

If the preference shares are to be redeemed at a premium, the amount of premium may be paid from

A.
Security premium or profit and loss A/c
Answer
B.
Share-capital account
C.
Profit and loss A/c
D.
Capital redemption fund

Answer: Option A

Solution

Answer: Option A
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