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CA CPT June 2019 Question Paper Fundamentals of Accounting for online practice

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Question : 54

Total: 59

Preference share capital Rs.5,00,000
(50,000 shares @ Rs.10 each)
General reserve Rs. 3,00,000
Security premium Rs. 30,000
Preference shares are to be redeemed at 10 % premium. What is the number of fresh equity shares to be issued @ Rs. 100 each at premium of 10% after using the above reserve?

5,000
2,200
2,000
1,500

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