X1 limited has opening credit balance of rupees 100000 in surplus that is balance in statement of profit and loss debenture redemption reserves has an opening balance of rupees 280000 it earned a profit of rupees 200000 during the year ending 31st March 2019 it was also decided to transfer rupees 80000 to debenture redemption reserve account proposed dividend of this and previous year is rupees 90,000 and 70000 respectively
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2000000 balance he for yr 2019
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