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Redemption of preference shares

Accountancy

In this sum since 100 shareholders were unknown dey paid oly fr 17900 holders but premium is paid fr 18000 shareholders? Is it crct.. If its crct... How and why sir?

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Shruthi V

Shruthi V

CA Inter

0

18-Nov-20 12:11

278

Answers (1)

Entire amount is first transferred to payable account. The shareholders who could be identified have been paid. Rest will be payable.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

18-Nov-20 16:52

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