Question

HP company ltd,had 5000 8% redeemable preference shares of rs.100 each,fully paid up.The comapny decided to redeem these shares at par by the issue of sufficient number of equity shares of rs.10 each fully paid up.You are required ro pass necessary journal entries including cash trasaction in the books of account​

Answer 1

Answer:

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Explanation:

Hinduja Company Ltd. had 5,000 8% ... issue of sufficient number of equity shares of. Rs. ... Preference Shares of Rs. 100 each, fully paid up. The company decided to redeem these.