{"id":50013,"date":"2024-04-15T23:04:10","date_gmt":"2024-04-15T23:04:10","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=50013"},"modified":"2024-04-15T23:04:10","modified_gmt":"2024-04-15T23:04:10","slug":"redeemable-preference-shares-of-rs-200000-are-redeemed-at-par-for-which-purpose-fresh-equity-shares-are-issued-for-rs-80000-at-par-the-amount-be-transferred-to-capital-redemption-reserve-account","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/redeemable-preference-shares-of-rs-200000-are-redeemed-at-par-for-which-purpose-fresh-equity-shares-are-issued-for-rs-80000-at-par-the-amount-be-transferred-to-capital-redemption-reserve-account\/","title":{"rendered":"Redeemable preference shares of Rs. 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 80,000&#8243; option2=&#8221;Rs. 1,20,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;Rs. 40,000&#8243; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. Rs. 1,20,000<\/strong><\/p>\n<p>Explanation:<\/p>\n<p>The amount to be transferred to Capital Redemption Reserve Account is the difference between the amount received on redemption of preference shares and the amount paid for fresh equity shares. In this case, the amount received on redemption of preference shares is Rs. 2,00,000 and the amount paid for fresh equity shares is Rs. 80,000. Therefore, the amount to be transferred to Capital Redemption Reserve Account is Rs. 2,00,000 &#8211; Rs. 80,000 = Rs. 1,20,000.<\/p>\n<p>Option A is incorrect because it is the amount received on redemption of preference shares. Option C is incorrect because it is the total amount of preference shares redeemed. Option D is incorrect because it is the amount paid for fresh equity shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 80,000&#8243; option2=&#8221;Rs. 1,20,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;Rs. 40,000&#8243; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-50013","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Redeemable preference shares of Rs. 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/redeemable-preference-shares-of-rs-200000-are-redeemed-at-par-for-which-purpose-fresh-equity-shares-are-issued-for-rs-80000-at-par-the-amount-be-transferred-to-capital-redemption-reserve-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redeemable preference shares of Rs. 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 80,000&#8243; option2=&#8221;Rs. 1,20,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;Rs. 40,000&#8243; 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issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/redeemable-preference-shares-of-rs-200000-are-redeemed-at-par-for-which-purpose-fresh-equity-shares-are-issued-for-rs-80000-at-par-the-amount-be-transferred-to-capital-redemption-reserve-account\/","og_locale":"en_US","og_type":"article","og_title":"Redeemable preference shares of Rs. 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:","og_description":"[amp_mcq option1=&#8221;Rs. 80,000&#8243; option2=&#8221;Rs. 1,20,000&#8243; option3=&#8221;Rs. 2,00,000&#8243; option4=&#8221;Rs. 40,000&#8243; 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