For , Internal reconstruction, What is the correct entry for no.2?? Preference share capital is rupees 480,000

Question

.... · Answer

30% Ke badle Debentures nai Dene hai Debentures diye to 30% Give up kr denge PSH Means Debentures 70% ke liye allot honge

Mehul · Answer

How?? They say give up 30% , which means 70% is remaining psh , right??

.... · Answer

Here PSH will reduce their claims by 30% , if we provide them 11% debentures So debenture would be allotted for bal 70% Preference share capital A/C Dr. 4.8L To Capital Reduction A/C. 1.44L To 11% Debentures. 3.36L

Ashwin · Answer

Prefrence Share captial Ac Dr 480000 To 11% Debentures Ac. 336000 To Capital Reconstruction Ac 144000

For , Internal reconstruction, What is the correct entry for no.2?? Preference share capital is rupees 480,000

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