The existing 1,000 shares of Rs. 100 each are altered to 10,000 shares of Rs.10 each. This is known as__________________

Name: The existing 1,000 shares of Rs. 100 each are altered to 10,000 shares of Rs.10 each. This is known as__________________
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

This process is known as sub-division, where the face value of shares is reduced and the number of shares is increased proportionately, without changing the overall capital.

The Existing 1,000 Shares of Rs