Redemption of preference shares

Accountancy

In this question from study material, the amount to be transfered to CRR A/C should be face value of preference shares redeemed - face value of equity shares issued i.e, Rs.65000-Rs.37500=Rs.27500. But how did we arrive at Rs. 33750 (Rs.65000-Rs.31250). The equity shares are issued at face value, then why is it given as 31250 and 33750?

Mayilvizhi Maan

CA Inter

★ 6K+

10-Jun-21 08:30

670

Answers (2)

That's an error in the module. Yes, it should be Rs.27,500

Sahibdeep Singh

CA Inter

★ 14K+

10-Jun-21 08:47

Thank you sir

Thread Starter

Mayilvizhi Maan

CA Inter

★ 6K+

10-Jun-21 10:07