Manu Ltd. has 10% 10,000 preference shares of 10 each fully paid. The shares became due for
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Manu Ltd. has 10% 10,000 preference shares of ₹10 each fully paid. The shares became due for redemption and the company decided to redeem the whole amount out of a fresh issue of equity shares of ₹10 each fully paid.
Show the necessary journal entries in the book of the company.
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Date Journal Entries Particulars Bank Ac Dr To Equity Share Capital Ac Bein...View the full answer
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