Question

- vyuvv - 11,VVU IUI Prenul = 30,000)
12. In 2012 a Transport Company Ltd. made a public issue of 6% Redeemable Preference Shares
of 10 each repayable at 10% premium. 12,450 shares of * 10 each were subscribed and fully
paid.
With a view to redeem such preference shares the company gave a notice as per requirements in
January, 2016. General Reserve in the Balance Sheet then, was 90,000 and Bank Balance
76,000. In order to arrange funds the company offered for public subscription 7,500, 744%
preference shares of 10 each, payable in full on application, 6,132 shares of these were taken
and allotted. Immediately afterwards the company redeemed the whole of the 6% Preference
Shares in accordance with the terms of issue.
You are required to give Journal Entries (including for cash) and prepare necessary accounts in
the books of the company from issue to redemption of Preference Shares.
[B. Com., Rohilkhand : 1992; Dr. B. R. A. U.: 1992: Indore : 2005]
TAns. Can Red Reserve 63 1807 1 24 500 61 990). Dami...​

Answer 1

BRO UR QUESTION IS TOO DIFFICULT FOR UNDERSTANDING......

SO PLS COOPERATE WITH ME......

AND TRY TO UNDERSTAND......

PLS MARK ME BRAINLIEST......

AND ALSO FOLLOW ME.........