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  1. business
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  3. 1. x limited redeems its 5,000 redeemable preferen

1. X Limited Redeems its 5,000 redeemable preference shares of R0100 each at par. For...

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Accounting

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1. X Limited Redeems its 5,000 redeemable preference shares of R0100 each at par. For this purpose, it issued 30.000 equity shares of RO 10 each at par and, for the balance; it utilizes the profit and Loss Account which had a sufficient balance. 2. Y Limited redeems its 2000 redeemable preference shares of R0100 each at par. For this purpose, it issued 1,200 equity shares of RO 100 each at 10% premium and, for the balance, it utilizes the profit and Loss Account which had a sufficient balance. 3. Z Limited redeems its 10,000 redeemable preference shares of R0 10 each at par. For this purpose, it issued 4,000 equity shares of RO 10 each at 10% discount and, for the balance, it utilizes the profit and Loss Account which had a sufficient balance

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