Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounting for Share Capital › A share with no preferential right to dividend o…
A share with no preferential right to dividend or capital repayment is
ARedeemable share
BCumulative share
CPreference share
DEquity share
Answer & Solution
Correct answer: D. Equity share
Shares without any preferential right in dividend or repayment are equity or ordinary shares.
Related questions
If only some forfeited shares are reissued, capital reserve gets200 shares of Rs. 100 forfeited for unpaid final call of Rs. 30; 150 reissued at Rs. 60 asProfit on reissue of forfeited shares is finally transferred toOn forfeiture, the amount already paid on the shares is credited toIf the articles are silent, interest on calls in arrears can be charged at most atApart from sweat equity, a company can ordinarily issue shares at a discount only onRs. 5,40,000 is raised by issuing Rs. 100 shares at 20% premium. How many shares?When shares are issued at a premium, the premium is credited to