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
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