Which of the following can be utilized for the redemption of preference shares of a company out of profit:

Related MCQs

• Which of the following cannot be utilized for the redemption of preference shares of a company
• Premium on redemption of preference shares can be provided out of ….
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• Redemption of preference shares should not be regarded as reduction of ----- capital of the company.
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• Which of the following is not a source of redemption of preference shares?
• When Redeemable Preference shares are due for redemption, the entry passed is
• All the …… profits are not available for the purpose of redemption of preference shares
• In case of redemption out f profit, an amount equal to face value of shares so redeemed should be transferred to …………
• 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 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐