2.4.1 - Meaning
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Practice Questions
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What type of company has limited liability?
💡 Hint: Think about companies that have a separate legal identity.
Define equity shares.
💡 Hint: Remember they vary with company performance.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What type of shares provides fixed dividends?
💡 Hint: Remember which types of shares prioritize dividend payments.
True or False: A debenture is a share in the company.
💡 Hint: Think about whether it represents ownership or a loan.
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Challenge Problems
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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.
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.
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