Company accounts

Accountancy

We can convert preference shares to equity shares right ,but why have they given that we cannot convert it into any other shares? Can anyone explain it to me?

Soumya A

CA Inter

★ 20K+

01-Sep-21 08:55

650

Answers (2)

They are meaning to say equity shares , equity shares cannot be converted

roshini reddy

CA Inter

★ 1K+

01-Sep-21 10:00

Thank you ma'am

Thread Starter

Soumya A

CA Inter

★ 20K+

01-Sep-21 10:02