Question

Preference shares of Rs. 10each, which were issued at par are eligible for redemption if they are (a) Paid application and allotment money at Rs. 5 per share. (b) Fully paid up to at Rs. 10 per share (c) Paid up at Rs. 7.50 per share (d) All of the above

Answer 1

option ➡️ (c) Paid up at Rs. 7.50 per share

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