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Company Accounts – Issue of Shares — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyCompany Accounts – Issue of Shares1 Mark
Question
What is meant by Convertible Preference Share?
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Answer

Preference share which can be converted into equity share after a certain period is called Convertible Preference Share.

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