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P2 C1 ACCOUNTING FOR SHERE CAPITAL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C1 ACCOUNTING FOR SHERE CAPITAL1 Mark
MCQ
Which type of preference share can be converted into equity share ?
  • A
    Redeemable
  • B
    Participating
  • ✓
    Convertible
  • D
    Irredeemable
✓

Answer

Correct option: C.
Convertible

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