Accountancy, asked by sarika5982, 3 months ago

if inpreference share are reddened at primium may be provided out of the​

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Answered by advanjalird
0

If preference shares are redeemed at premium, then such premium must be provided either out of the profits of the company or out of the company's security premium account. (6) The Capital Redemption Reserve Account can be utilized for the issue of fully paid bonus shares to the shareholders.

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