Preference shares
This query is : Resolved
09 September 2009
Prepference shares are to be redeemed either out of profit or out of fresh issue of shares. Can Prefence shares be redeemed in lieu of Preference shares i.e., by way of Journal entry in the books of accounts?
Prepference shares are to be redeemed either out of profit or out of fresh issue of shares. Can Prefence shares be redeemed in lieu of Preference shares i.e., by way of Journal entry in the books of accounts?
09 September 2009
No
Redemption by way of notional entry would not be a good option, hence not advisable.
Regards
Redemption by way of notional entry would not be a good option, hence not advisable.
Regards
09 September 2009
Its not possible only.
09 September 2009
Normally NO,
09 September 2009
No it's not possible.
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