(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

Discuss the importance of equity shares as sources of long-term finance.

The directors of a company have decided to modernise the plant and machinery at an estimated cost of rupees one crore. State the merits and demerits of issuing equity shares for the purpose.

Equity shareholders are the real owners of business.

What is meant by Equity Shares?

Money received by sale of machine is a ______.

Premium received on issue of shares is a ______.

Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.

Capital receipts are usually obtained in case of a company:

A receipt is a capital receipt:

Rent received and commission received are examples of ______.

______ involves creation of liability and is shown on the liabilities side of the balance sheet.

Non-recurring receipts like additional capital, loan, etc. are ______.

Define Capital receipts.

Give two examples of Capital receipts.

What are revenue receipts?

Give three examples of Revenue receipts.

What do you understand by Turnover?

Distinguish between Capital Receipts and Revenue Receipts.

Amount received on sale of assets is a ______ receipt.

Amount received on sale of stock-in-trade is a ______ receipt.