Accountancy, asked by rajkumarjuneja406, 9 months ago

what do you mean by Redemption of conversion?Explain with the example of journal entries.​

Answers

Answered by HRISHI0366
0

Answer:

Redemption of Debentures by Conversion The debentures may be redeemed by converting them into equity shares as per the terms of their issue. The Companies Act prohibits any non-convertible portion of the debentures to be redeemed

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