hello
pls clarify that whether preference share capital is still to be classified under capital or under liabilities after 1-4-2011.
in the context of valuation chapters in final
1 Replies
CA Sumat Singhal
(Credit Analyst/ Financial Services/ Accounts & Finance)
(3677 Points)
Replied 08 June 2011
As per indian accounting principles and legal context prefrence share capital is considered as capital but as per AS 30 31 based on fair value principle criteria perfrence share is considered liability if certain criteria are fullfilled...
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