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Practice question

Question

There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below
Assertion (A): Equity shares are those shares which are not preference shares.
Reason (R): Equity shares are the least issued class of shares and carries the minimum risks and rewards of the business.

Options

Choose one · Correct answer highlighted

Explanation

Assertion (A) is true, but Reason company accounts correct; share issue forfeiture pro-rata per Companies Act.

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