A company authorised 2,20,000 debenture holders to convert their debentures into preference shares. Pass necessary journal entry,
Question:
A company authorised ₹2,20,000 debenture holders to convert their debentures into preference shares. Pass necessary journal entry, if.
(a). Debentures were converted into 10% preference shares of ₹100 each at par.
(b). Debentures were converted into 10% preference shares of ₹100 each at premium of 10%.
(c). Debentures were converted into 10% preference shares of ₹100 each at discount of 10%.
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a Debentures Ac b Debentures Ac Journal Entries Particulars To 1...View the full answer
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