Question

If preference shares are redeemed out of divisible profits, the nominal value of preference shares should be transferred to ___: (a) Capital Reserve A/c (b) Capital Redemption Reserve A/c (c) General Reserve A/c (d) Contingent Reserve A/c

Answer 1

If preference shares are redeemed out of divisible profits, the nominal value of preference shares should be transferred to

General Reserve A/c.

So, the Answer is :-

[C] General Reserve A/c ✓✓

Answer 2

Hello Friend

Ans

Option.ac

thanks for.☺️