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प्रश्न
State, with reason, whether the following statement is True or False.
Preference shareholders have normal voting rights.
विकल्प
True
False
उत्तर
(2) It is ownership capital but less riskier due to guaranteed returns and payment of capital.
(3) It is temporary by nature, generally returned after a period of time. It is therefore safe capital.
(4) Preference shares earn a fixed rate of dividend.
(5) They have no participation in management or fight to attend meetings.
(6) They may vote by attending meetings especially called for them on a matter involving their interests if the need arises.
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संबंधित प्रश्न
Equity Shares and Preference Shares.
Pass necessary journal entries in the following cases
Kay Ltd. converted 3,000, 12% debentures of Rs 100 each issued at a premium of 10% into equity shares of Rs 100 each issued at a premium of 25%.
Pass necessary journal entries in the following cases
Jay Ltd. redeemed 1,500, 12% debentures of Rs 1,000 each issued at a discount of 10% by converting them into equity shares of Rs 50 each issued at par.
Jain Motors Ltd. converted its 200, 8% debentures of Rs 100 each issued at a discount of 6% into equity shares of Rs 10 each, issued at a premium of 25%. Discount on issue of 8% debentures has not yet been written off.
Showing your working notes clearly pass necessary Journal Entries on conversion of 8% debentures into equity shares.
From the following information, calculate any two of the following ratios:
(a) Debt-Equity Ratio
(b) Working Capital Turnover Ratio and
(c) Return on Investment
Information: Equity Share capital Rs 10,00,000, General Reserve Rs 1,00,000; Profit and Loss Account after tax and interest Rs 3,00,000; 12% Debenture Rs 4,00,000; Creditors Rs 3,00,000; Land and Building Rs 13,00,000; Furniture Rs 3,00,000; Debtors Rs 2,00,00 and Cash Rs 1,10,000 and Preliminary expenses Rs 1,00,000
Sales for the year ended 31-3-2011 was Rs 30,00,000. Tax Paid 50%.
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The value of share which is determined by demand and supply forces in the share market.
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