A company issued 10,000 equity shares of Rs. 10 each at a premium of – McqOptions

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1.	A company issued 10,000 equity shares of Rs. 10 each at a premium of 20% for the redemption of 15,000 preference shares of Rs.nn10 each. If the company hasnsufficient profits, nnthe amount to be transferrednto Capital nnRedemption ReserveA/c will be
A.	Rs.50,000
B.	Rs. 1,00,000
C.	Rs.1,50,000
D.	Rs. 30,000
Answer» B. Rs. 1,00,000

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