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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What are equity shares?
π‘ Hint: Think about what happens to dividends as company profits change.
Question 2
Easy
Define Face Value.
π‘ Hint: Consider what you see printed on the stock certificate.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What are equity shares?
π‘ Hint: Think about how dividends change based on profits.
Question 2
True or False: Preference shareholders receive dividends after equity shareholders.
π‘ Hint: Consider who gets paid first in business.
Solve 2 more questions and get performance evaluation
Push your limits with challenges.
Question 1
A company issues 1,000 equity shares of βΉ100 face value at a premium of βΉ20. Calculate the total funds raised and explain the journal entries.
π‘ Hint: Remember to calculate the premium and how it affects cash flow.
Question 2
Illustrate the entries for redeeming βΉ50,000 debentures at a 10% premium after 5 years. Explain the importance of redemption reserves.
π‘ Hint: Consider the calculations of premium and how it impacts financial records.
Challenge and get performance evaluation