Practice Accounting Entries - 2.3.4 | Chapter 2: Joint Stock Company Accounts | ICSE Class 12 Accounts
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Academics
Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Professional Courses
Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skillsβ€”perfect for learners of all ages.

games

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What types of shares are issued by companies?

πŸ’‘ Hint: Think of the shares offering different types of dividends.

Question 2

Easy

What is the face value of a share?

πŸ’‘ Hint: Consider the numeric value shown on the share certificate.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

Which type of shares has a fixed dividend?

  • A) Equity Shares
  • B) Preference Shares
  • C) Both

πŸ’‘ Hint: Consider which shareholders have a guaranteed income.

Question 2

True or False: Equity shares have a guaranteed return.

  • True
  • False

πŸ’‘ Hint: Recall the variable nature of income from equity.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company issues 5,000 equity shares of a face value of β‚Ή10 at a premium of β‚Ή2. Prepare the journal entries for the application and allotment stages.

πŸ’‘ Hint: Make sure to reflect both the face value and the premium in your entries.

Question 2

A company has β‚Ή2,00,000 10% debentures to redeem at a premium of β‚Ή10, due in two months. What are the journal entries at redemption?

πŸ’‘ Hint: Consider how the premium affects the total liability when repaying debentureholders.

Challenge and get performance evaluation