Accounting · Issue and Redemption of Shares
According to the accounting standards for companies, which specific account is credited when a corporation issues redeemable preference shares?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Redeemable Share Liability Account
- 2Securities Premium Account
- 3Preference Share Capital Account✓
- 4Equity Share Capital Account
Correct answer
Preference Share Capital Account
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