[Solved] When Redeemable Preference shares are due for redemption, the entry passed is

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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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