Accountancy, asked by believeinwinxonline, 1 month ago

to discharge a debentures account by issuing new debentures by the new formed company, or to discharge a preference shares account by issuing new preference shares by the new formed company, how is the treatment would be?

Answers

Answered by badal2k14ele

Explanation:

Share application and allotment account is a: ... 26) A company cannot issue redeemable preference shares for a period ... b. a new company is formed is place of partnership firm.

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