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CA CPT June 2015 Question Paper Fundamentals of Accounting for online practice

Question : 59 of 60

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Issued, subscribed called-up 20,000 shares of Rs 100 each)	Rs 20,00,000
Call in arrear	Rs 10,000
Profit and account (Cr) as on 01 April 2014	Rs 67,000
Profit for the year	Rs 1,90,610

The company wants to create a debenture redemption reserve and to transfer Rs.50,000 every year out of redeem the debentures
The company debentured 10% dividends
The balance of surplus after effecting the above transactions=

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