Practice Meaning - 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

What does a Joint Stock Company allow individuals to do?

πŸ’‘ Hint: Think about collective ownership and investment benefits.

Question 2

Easy

What is the difference between equity and preference shares?

πŸ’‘ Hint: Consider how dividends are paid.

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 are the two main types of shares in a joint stock company?

  • Equity and Preference
  • Common and Convertible
  • Debenture and Equity

πŸ’‘ Hint: Remember the characteristics of different share types.

Question 2

True or False: Debentures represent a debt obligation of a company.

  • True
  • False

πŸ’‘ Hint: Think about how companies borrow money.

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Challenge Problems

Push your limits with challenges.

Question 1

A company wishes to raise β‚Ή5,00,000 through equity shares at β‚Ή50 each. If the company decides to issue shares at a 10% discount, calculate how many shares must be issued.

πŸ’‘ Hint: Make sure to adjust the issue price when applying the discount.

Question 2

A company issued 1,000 debentures at a 5% premium, with each debenture having a face value of β‚Ή100. Calculate the total amount raised via debentures.

πŸ’‘ Hint: Don’t forget to factor in the premium on each debenture.

Challenge and get performance evaluation