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

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

Debit preference shareholders a/c; credit capital reduction a/c

0%

Debit redeemable Preference Share capital a/c; Credit cash a/c

0%

Debit Redeemable Preference share capital a/c; credit Preference shareholders a/c

100%

Debit preference shareholders a/c; credit cash a/c

0%

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