Question

What is meant by convertible preference share? (Answer in one sentence)

Answer 1

PREFERENCE SHARE WHICH CAN BE CONVERTED INTO EQUITY SHARES AFTER A CERTAIN PERIOD IS CALLED.....

Answer 2

Answer:

As per the question

Convertible preference share :

A Convertible preference shares gets the right of conversion into equity shares.

Convertible preference shares are reported as of equity

When preference shares are converted or repurchased, there is no gain or loss recognized.

The holder are convertible preference shares enjoy the right to get the preference shares converted into equity shares according to term of issue.