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Redemption of preference shares

Accountancy

How they are calculated the amount to be transferred to CRR A/C?

Kumar G

CA Final

★ 12K+

03-Apr-21 17:03

337

Answers (3)

CRR amount should have been calculated to be 27,500 [65000 - 37500] i.e. Face value of preference shares redeemed - face value of new shares issued Seems like a typo by ICAI.

Sahibdeep Singh

CA Inter

★ 14K+

03-Apr-21 18:54

Sahibdeep Singh

CRR amount should have been calculated to be 27,500 [65000 - 37500] i.e. Face value of preference shares redeemed - face value of new shares issued Seems like a typo by ICAI.

The answer provided in study material is wrong? Sir.

Thread Starter

Kumar G

CA Final

★ 12K+

03-Apr-21 19:13

Sahibdeep Singh

CRR amount should have been calculated to be 27,500 [65000 - 37500] i.e. Face value of preference shares redeemed - face value of new shares issued Seems like a typo by ICAI.

Thank you sir!

Thread Starter

Kumar G

CA Final

★ 12K+

03-Apr-21 19:14