![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
When Redeemable Preference shares are due for redemption, the entry passed is |
A. | debit redeemable preference share capital a/c; credit cash a/c |
B. | debit redeemable preference share capital a/c; credit preference shareholders a/c |
C. | debit preference shareholders a/c; credit cash a/c |
D. | debit preference shareholders a/c; credit capital reduction a/c |
Answer» B. debit redeemable preference share capital a/c; credit preference shareholders a/c |
View all MCQs in
Corporate AccountingNo comments yet