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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What type of company has limited liability?
💡 Hint: Think about companies that have a separate legal identity.
Question 2
Easy
Define equity shares.
💡 Hint: Remember they vary with company performance.
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 provides fixed dividends?
- Equity Shares
- Preference Shares
- Debentures
💡 Hint: Remember which types of shares prioritize dividend payments.
Question 2
True or False: A debenture is a share in the company.
- True
- False
💡 Hint: Think about whether it represents ownership or a loan.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A Joint Stock Company issued 1,000 shares at a face value of ₹100 at a premium of ₹20. Calculate the total amount received and show the journal entries.
💡 Hint: Remember to calculate both shares and premium components.
Question 2
A company had 200 preference shares forfeited due to non-payment of calls. Explain how these shares might be reissued.
💡 Hint: Consider how the discount impacts the recorded value.
Challenge and get performance evaluation