Practice Chapter Summary - 2.6 | 2. Joint Stock Company Accounts | ICSE Class 12 Accounts
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Practice Questions

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Question 1

Easy

What is the difference between equity shares and preference shares?

💡 Hint: Reflect on the dividend structures.

Question 2

Easy

Define a debenture.

💡 Hint: Think about how companies borrow capital.

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 share guarantees fixed dividends?

  • Equity Shares
  • Preference Shares
  • Both Types

💡 Hint: Think about the dividend structures of each type.

Question 2

True or false: Debentures are always secured.

  • True
  • False

💡 Hint: Recall the classifications of debentures.

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Challenge Problems

Push your limits with challenges.

Question 1

A company issued 2000 shares with a face value of ₹10 at a premium of ₹3. Calculate the total proceeds from the issuance and prepare the relevant journal entries.

💡 Hint: Remember the pricing components in issuing shares.

Question 2

A company wants to redeem ₹50,000 worth of debentures at a premium of 5%. Calculate the total amount payable and prepare the journal entries involved.

💡 Hint: Consider both the nominal value and the premium percentage.

Challenge and get performance evaluation