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doubt

Accountancy

in this sum how conversion of debentures from equity shares comes 1,10,000 shares

Chandramouli A

CA Inter

★ 720

24-Aug-21 09:26

233

Answers (3)

Best Answer

On 31st December, 2018 the company received 10,000 equity shares of ` 10 each in P Ltd. on conversion of 20% of its holdings. Answer this first what is 20% of holding here?

roshini reddy

CA Inter

★ 1K+

24-Aug-21 09:38

roshini reddy

On 31st December, 2018 the company received 10,000 equity shares of ` 10 each in P Ltd. on conversion of 20% of its holdings. Answer this first what is 20% of holding here?

ok mam i understand mam (5000+2500-2000)=5500*20/100=1100 Thank u mam

Thread Starter

Chandramouli A

CA Inter

★ 720

24-Aug-21 09:45

Thread Starter

Chandramouli A

ok mam i understand mam (5000+2500-2000)=5500*20/100=1100 Thank u mam

Good

roshini reddy

CA Inter