A company authorised 2,20,000 debenture holders to convert their debentures into preference shares. Pass necessary journal entry,

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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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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 12:11 PM

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A company authorised 2,20,000 debenture holders to convert their debentures into preference shares. Pass necessary journal entry,

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a Debentures Ac b Debentures Ac Journal Entries Particulars To 1...View the full answer

Corporate Accounting

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