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NCERT Solutions for Class 12 Accountancy Chapter 1 - Accounting for Share Captial

Class 12 Accountancy NCERT Solutions Chapter 1 - Accounting for Share Captial

NCERT Solutions are supposed to be an incredibly useful resource while preparing for the CBSE Class 12 Accountancy exams. The examination material claims profound information and the Solutions gathered by the topic experts are 100% accurate. NCERT Solution for Class 12 Accountancy Company Accounts and Analysis Of Financial Statements provides students with comprehensive information to all the questions. NCERT Solutions for Class 12 Accountancy is a well-created resource that clarifies the ideas well.

NCERT Solutions for Class 12 Accountancy Chapter 1 Accounting for Share Captial part-1
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FAQ (Frequently Asked Questions)

1. What Are Preference Shares? Mention the Type of Preference Shares.

Preference shares are offers which qualify the holder to get profit. It is furthermore the option to get capital and put resources into the request of inclination before value investors when the organization is winding up. There are eight types of preference shares.

Cumulative and Non-cumulative Preference shares deliver profit before value investors are paid and those which are paid from profit. Partaking and non-partaking inclination shares are those shares which offer overflow benefits to the investors and those that don't. Convertible and non- convertible Preference Shares are those which can be changed to value shares and those which can respectively. Redeemable Preference Shares are those shares which can be repaid to the investor after a given time. Ensured Preference Shares are the ones that earn a fixed profit every year.

2. What Are the Provisions for Calls in Arrears?

Suppose a financial investor neglects to pay all the portions for the allocated shares in due time. In that case, the organization anticipates that the speculator should pay the sum on resulting calls or stages. The measure of cash that is paid at later stages is called Call-falling behind financially. The organization is approved by its Article of Association for charging an enthusiasm at a predefined rate on the bring falling behind financial sum from the due date till the date of the instalment. When the Article of Association doesn't make reference to or is quiet about such a case, a 5% charge is collected. The sum is deducted from called up share capital on the liabilities side of the Balance Sheet. When the due sum isn't paid, the offers can be relinquished with legitimate notification to investors.

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