Practice Issue of Shares - 2.2 | 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 and preference shares.

πŸ’‘ Hint: Think about the nature of dividends for each type of share.

Question 2

Easy

What is face value?

πŸ’‘ Hint: Consider it like the base price of a share.

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 type of shares have a fixed rate of dividend?

  • Equity Shares
  • Preference Shares
  • Both

πŸ’‘ Hint: Consider which type provides guaranteed dividends.

Question 2

True or False: Equity shares always provide a dividend.

  • True
  • False

πŸ’‘ Hint: Think about profit distribution among shareholders.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company has issued 4,000 equity shares at β‚Ή10 each and 1,500 preference shares at β‚Ή12 each. What is the total capital raised if all shares are sold?

πŸ’‘ Hint: Break down the calculations for each type of share.

Question 2

If a shareholder fails to pay for their equity shares and those shares are forfeited and reissued at a discount of β‚Ή2, how does that impact the company's balance sheet?

πŸ’‘ Hint: Consider how both actions reflect on the company's financial health.

Challenge and get performance evaluation