Doubt on redemption on preference shares

Accountancy

1. Why did they not divide the debentures amount by rs.2 . Please explain the concept

Susai Yappan

CA Inter

★ 12K+

22-Aug-21 23:21

625

Answers (3)

Best Answer

It is given in adjustments that the equity share is of 10 we will divide by 10 and as the company now has shares of 2 each the remaining 8 is premium

roshini reddy

CA Inter

★ 1K+

23-Aug-21 10:22

Read 3rd point in resolutions

Himanshu Somani

CA Final

★ 97K+

23-Aug-21 08:42

Himanshu Somani

Read 3rd point in resolutions

Thank you mam ..

Thread Starter

Susai Yappan

CA Inter

★ 12K+

23-Aug-21 10:35