Question

32. When Redeemable Preference share are due for redemption, the entry passed Is
(a) Debit redeemable preference share capital a/c; credit cash a/c
(b) Debit redeemable preference share capital a/c; credit preference share holders a/c
(c) Debit preference share holders a/c; credit cash a/c
(d) Debit preference share holders a/c; credit capital reduction a/c
of preference share capital
2.​

Answer 1

Answer:

b

please process the entry