Question

Company has to Redeem
10,000; 7% Preference shares
of Rs 10 each. For that
company has created CRR of
Rs 30,000. So company has to
make fresh issue of shares
worth Rs ​

Answer 1

Answer:

how

Step-by-step explanation:

Ascertainment of minimum fresh issues of equity shares is calculated as: Method 1: (a) At first, calculate the amount paid to the preference shareholders (without premium), i.e., Capital sum/Principal amount. (b) Deduct the amount taken from General Reserve/Profit & Loss Account for Capital Redemption Reserve Account.