Question

Illustration 1: Ridhi Co. Ltd. had issued 50,000 redeemable preference shares of 2 101- each 2 %
- paid. In order to redeem these shares now being redeemable, the company issued for cash 30.000 equity
shares of 10/- each at a Premium of 2/- per share. Out of the cash proceeds the redeemable share
were paid and the balance was met out of Reserve fund which stood at 2.50,000/- show the Journal
entries books of the company.​

Answer 1

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Answer 2

Ffggghhhhssfggbhsghdgsbsjsjhdvejjgscsvsjssjkd