In case of redemption out f profit, an amount equal to face value of s – McqOptions

MCQOPTIONS

1.	In case of redemption out f profit, an amount equal to face value of shares so redeemedshould be transferred to …………
A.	Security premium
B.	Capital Redemption Reserve
C.	Dividend Equalization Reserve
D.	None of these
Answer» C. Dividend Equalization Reserve

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