Question

2) During the year 2010-11. Marx Limited issued 40,000, 12% preference shares of Rs. 10 each at a premium of 5% which are redeemable after 4 years at par. In the year 2015-16 as the company did not have sufficient cash resources to redeem the preference shares, it issued 20.000, 14% debentures of Rs. 10 each at a premium of 10%. At the time of redemption of 12% preference shares the amount to be transferred to capital redemption reserves​

Answer 1

Answer:

Answer is 2

Explanation:

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Answer 2

Answer:

answer is 2

Explanation:

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