Corporate Accounting MCQ: When Redeemable Preference shares are due for redemption, the entry passed is | Extra Education

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When Redeemable Preference shares are due for redemption, the entry passed is

Correct Answer: debit redeemable preference share capital a/c; credit preference shareholders a/c

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Corporate Accounting MCQ: When Redeemable Preference shares are due for redemption, the entry passed is | Extra Education