Practice At Par - 2.2.3.1 | Chapter 2: Joint Stock Company Accounts | ICSE Class 12 Accounts
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define equity shares.

πŸ’‘ Hint: Think about how dividends relate to company performance.

Question 2

Easy

What is face value?

πŸ’‘ Hint: What is the set value when shares are issued?

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

What is the face value of a share?

  • The market price
  • The original value
  • The selling price

πŸ’‘ Hint: Think of what the share is worth when it’s first created.

Question 2

True or False: Preference shares provide a variable dividend.

  • True
  • False

πŸ’‘ Hint: Consider how dividends are defined for different types of shares.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company issues 200 equity shares with a face value of β‚Ή50 at par. Calculate the total funds raised from this issue and describe how this amount will be recorded in the Share Capital account.

πŸ’‘ Hint: Multiply the number of shares by their face value for total calculation.

Question 2

If a company issues 100 preference shares at a premium of β‚Ή5, what is the issue price per share, and how is the accounting entry different from when issued at par?

πŸ’‘ Hint: Don’t forget to include the premium as part of the total price.

Challenge and get performance evaluation