Practice Accounting Entries - 2.3.4 | 2. Joint Stock Company Accounts | ICSE Class 12 Accounts
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What types of shares are issued by companies?

💡 Hint: Think of the shares offering different types of dividends.

Question 2

Easy

What is the face value of a share?

💡 Hint: Consider the numeric value shown on the share certificate.

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

Which type of shares has a fixed dividend?

  • A) Equity Shares
  • B) Preference Shares
  • C) Both

💡 Hint: Consider which shareholders have a guaranteed income.

Question 2

True or False: Equity shares have a guaranteed return.

  • True
  • False

💡 Hint: Recall the variable nature of income from equity.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company issues 5,000 equity shares of a face value of ₹10 at a premium of ₹2. Prepare the journal entries for the application and allotment stages.

💡 Hint: Make sure to reflect both the face value and the premium in your entries.

Question 2

A company has ₹2,00,000 10% debentures to redeem at a premium of ₹10, due in two months. What are the journal entries at redemption?

💡 Hint: Consider how the premium affects the total liability when repaying debentureholders.

Challenge and get performance evaluation