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?

09 September 2009 No

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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