Conversion of preference shares to equity shares
This query is : Resolved
17 May 2022
Hi,
In one of my client, 1 preference share is converted into 10 equity shares.
For example, - 10 Rs preference shares are converted to 100 Rs equity share.
What would be the accounting treatment for the difference of Rs 90 in the Balance sheet and presentation in schedule III.
I really appreciate any help you can provide.
In one of my client, 1 preference share is converted into 10 equity shares.
For example, - 10 Rs preference shares are converted to 100 Rs equity share.
What would be the accounting treatment for the difference of Rs 90 in the Balance sheet and presentation in schedule III.
I really appreciate any help you can provide.
17 May 2022
Account Rs 90 as Premium on Redemption of
Preference Shares Account.
Preference Shares Account.
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