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A Limited Company issued on 1st July 2016, 15,000 redeemable preference shares of ₹10 each. Such shares were redeemable at a premium of 10%. Two-fifths of this issue was redeemed out of profits on 10th January 2020. On 20th January 2020, the Company issued 30,000 equity shares of ₹10 each at a premium of ₹4 per share. Out of the proceeds of such issue, the balance of Redeemable Preference Shares was redeemed. Make journal entries to record these transactions in the books of the company. |
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Answer» these are the class hto AAP MESSAGE was SENT to the answer to |
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