Preference shares amounting to ₹ 3,00,000 are redeemed at a premium of 5% byissue of equity shares amounting to ₹ 2,00,000 at a premium of 3%. The amount to betransferred to Capital Redemption Reserve:

Question

Examsnet · Accepted Answer

Correct Answer is : ₹ 1,00,000

CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice