Practice Introduction - 2.1 | 2. Joint Stock Company Accounts | ICSE 12 Accounts
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Introduction

2.1 - Introduction

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Learning

Practice Questions

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Question 1 Easy

Define a Joint Stock Company.

💡 Hint: Think about what legal structure allows for multiple owners.

Question 2 Easy

What are equity shares?

💡 Hint: Recall the term 'equity' in terms of ownership.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What defines a Joint Stock Company?

A group of friends starting a business together
A legal entity with perpetual succession
A small family-run business

💡 Hint: Think about what distinguishes companies from informal groups.

Question 2

True or False: Preference shares have a fixed dividend.

True
False

💡 Hint: Consider the implications of different classes of shares.

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

A company wants to issue equity shares of face value ₹10 at a premium of ₹2. If the company issues 5,000 shares, what will be the total amount raised?

💡 Hint: Remember how to calculate total funds raised.

Challenge 2 Hard

If a company issues ₹1,50,000 debentures at a discount of 10%, what amount will be received from the issue?

💡 Hint: Think about how discounts impact the cash received.

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