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Define equity shares. - Business Studies

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Question

Define equity shares.

Definition
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Solution

Equity shares or ordinary shares are those shares which carry no preferential rights in the payment of annual dividend and repayment of capital.

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Chapter 18: Sources of Business Finance - EXERCISES [Page 269]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 18 Sources of Business Finance
EXERCISES | Q II. 1. | Page 269
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