Question

S ltd. Issues 2000, 10% preferences

Answer 1

here is your answer~

2000×10÷100

=200

Answer 2

Answer:

                                          In the books of S Ltd.  

                                                    journal Entry  

              particulars                     L / F                             Amount              Amount

bank A / c                      Dr.                                              2000

                To 10 % preference share A / c                                                 2000        

[ being the total 10 % preference share issued @ Rs 2000 ]  

Note : We are assuming that 2000 is a total amount of 10 % preference share as there is not mention any amount of each shares that's why we are considered 2000 as amount of 10 % preference share.