As you can see, two of the three Hydrogen atoms are directly attached to the Phosphorus atom. So phosphinic acid (another name) forms only one salt - hyphosphites orH2PO−2 Industrially, it is prepared bya two-step method. With a suitable hot aqueous solution of an alkali, white phosphorusP4 produces hyphosphite ions and Phosphine −PH3.This is a disproportionation reaction where the elemental white Phosphorus(oxidation state - 0) is oxidized to hypophosphite (+1 oxidation state)and reduced to Phosphine (-3 oxidation state). P4+3OH−+3H2O→3[H2PO2]−+PH3 When this hyphosphite salt is treated with a stronger acid, H3PO2 is obtained [H2PO2]−+H+→H3PO2 Alternatively, when we oxidize PH3 using Iodine water H3PO2 is formed: PH3+2l2+2H2O→H3PO2+4l−+4H+