English

Give One Word / Term / Phrase for the Following Statement : - Book Keeping and Accountancy

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Question

Give one word / Term / phrase for  the following statement :
Shares having voting right.

One Word/Term Answer
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Solution

Equity Shares

Explanation: Shares issued with voting rights are termed as equity or ordinary shares. Equity shareholders have residual claims in the earnings of a company. In other words, in the event of liquidation (winding up), equity shareholders are paid after payment to preference shareholders has been made.

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Chapter 10: Company Accounts Part - 1 (Accounting for Shares) - Exercise 2 [Page 350]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 10 Company Accounts Part - 1 (Accounting for Shares)
Exercise 2 | Q 12 | Page 350
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