state reason whether "conversion of debenture into equity shares" would result into inflow or outflow or no flow of cash
Mukthar,
Siddharth is absolutely correct. Conversion of debentures into equity shares would cause no change in cash and cash equivalents. This transaction will merely reduce the business's long-term borrowings (Debentures) and increase the owners' funds (Equity Share Capital).
Siddharth is absolutely correct. Conversion of debentures into equity shares would cause no change in cash and cash equivalents. This transaction will merely reduce the business's long-term borrowings (Debentures) and increase the owners' funds (Equity Share Capital).