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Redeemable preference shares of Rs. 1,00,000 are redeemed at par for which purpose fresh equity shares of Rs. 80,000 are issued at a discount of 10%. The amount to be transferred to Capital Redemption Reserve Fund will be:
A
Rs. 20,000
B
Rs. 28,000
C
Rs. 1,00,000
D
Rs. 80,000
Correct Answer:
Rs. 28,000
Redeemable preference shares of Rs. 2,00,000 are redeemed at par for which purpose fresh equity shares are issued for Rs. 80,000 at par, The amount be transferred to Capital Redemption Reserve Account would be:
A
Rs. 80,000
B
Rs. 1,20,000
C
Rs. 2,00,000
D
Rs. 40,000
Redeemable Preference Shares of Rs. 2,00,00 are to be redeemed at par for which purpose fresh Equity Shares of Rs. 80,000 are issued at a discount of 10%. What amount should be transferred to Capital Redemption Reserve Accounts?
A
Rs. 72,000
B
Rs. 1,20,000
C
Rs. 1,28,000
D
Rs. 2,00,000
Redeemable preference shares of Rs. 1,00,000 are redeemed at a premium of 5% for which fresh equity shares of Rs. 40,000 are issued at par. What amount should be transferred to Capital Redemption Reserve account:
A
Rs. 1,05,000
B
Rs. 60,000
C
Rs. 40,000
D
Rs. 0
In order to raise finance, which of the following securities can be issued by a company?
1. Equity Shares
2. Redeemable Equity Shares
3. Redeemable Debentures
4. Redeemable Preference Shares
5. Bonus Shares
Select the correct answer:
A
1, 2 and 3
B
1, 3 and 4
C
1, 2 and 4
D
2, 4 and 5
If for the redemption of preference share capital of Rs. 1,00,000, 5,000 equity shares of Rs. 10 each are issued at a discount of 10% the amount to be transferred to Capital Redemption Reserve Fund will be:
A
Rs. 60,000
B
Rs. 50,000
C
Rs. 55,000
D
Rs. 45,000
If preference share capital of Rs. 5,00,000 is to be redeemed, and 25,000 equity shares of Rs. 10 each have been issued at a discount of 10%. For this purpose, the amount to be transferred to Capital Redemption Reserve will be:
A
Rs. 3,50,000
B
Rs. 2,50,000
C
Rs. 2,75,000
D
Rs. 2,25,000
If preference shares of Rs. 2,50,000 are to be redeemed and for that 12,500 equity shares of Rs. 10 each are to be issued at 10% discount, then the amount transferred to capital redemption fund will be
A
Rs. 1,75,000
B
Rs. 1,25,000
C
Rs. 1,37,000
D
Rs. 1,12,000
50,000 equity shares of Rs. 10 each, issued at Rs. 20, for the purpose of redemption of preference share capital amounting Rs. 7,50,000. How much amount will be transferred to capital redemption reserve?
A
Rs. 2,00,000
B
Rs. 2,50,000
C
Rs. 5,00,000
D
Rs. 10,00,000
A company redeemed its 2,00,000/- preference shares. For this it issued equity share capital of Rs. 1,50,000/- and Rs. 1,00,000/- bonus shares were also issued. What will be the net effect of these transactions on fund flow
A
No effect on fund flow
B
Increase of Rs. 50,000/- in working capital
C
Decrease of Rs. 50,000/- in working capital
D
None of the above
A company issued 1,00,000 equity shares of the face value of Rs. 100 each at Rs. 100 per share. So far Rs. 75 per share has been called up including Rs. 25 on allotment and Rs. 25 on first call. X to whom 200 shares were issued failed to pay the first call. His shares were forfeited and re-issued to Y at Rs. 70 per share as fully paid-up. The amount to be transferred to Capital Reserve a/c would be:
A
Rs. 4,000
B
Rs. 6,000
C
Rs. 8,000
D
Rs. 10,000