2.3.4 - Accounting Entries
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Practice Questions
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What types of shares are issued by companies?
💡 Hint: Think of the shares offering different types of dividends.
What is the face value of a share?
💡 Hint: Consider the numeric value shown on the share certificate.
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Interactive Quizzes
Quick quizzes to reinforce your learning
Which type of shares has a fixed dividend?
💡 Hint: Consider which shareholders have a guaranteed income.
True or False: Equity shares have a guaranteed return.
💡 Hint: Recall the variable nature of income from equity.
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Challenge Problems
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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.
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.
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