In case of redemption out f profit, an amount equal to face value of shares so redeemed should be transferred to …………

Related MCQs

• When debentures are redeemed out of profits, an amount equal is transferred to…..
• When debentures are redeemed from out of profits an equal amount is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐ account.
• When all debentures are redeemed, balance in the Debenture Redemption Fund Account is transferred to:
• When 4,000 equity shares of Rs.10 each is bought back at Rs.20 per share, the amount to be transferred to Capital Redemption Reserve is
• The nominal value of preference shares to be redeemed can be provided out of ------
• Which of the following can be utilized for the redemption of preference shares of a company out of profit:
• When debentures are redeemed in annual installments the redemption is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• After all the debentures are redeemed the balance in the sinking fund is transferred to
• After all the debentures are redeemed; the balance in the sinking fund account is transferred to ‐‐‐‐‐‐ ‐‐‐‐‐‐‐.