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Accountancy
Sir, even though preference share are redeemed Should i still need to show authorished capital ? Then, not any mention about authorised eqiuty resolution in question, how authorised equity share capital goes to 250000 shares Instead of 220000 shares
Answers (3)
Authorised capital is available shares with company to issue for company's lifetime so in first adjustment when we split we have to split all shares that company has so we had 50,000 equity shares of Rs 10 each, now when we split 1 share into 5 ... 50,000*5=2,50,000 shares of Rs 2 each it will not be specifically mentioned in question you have to do it anyways
