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12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called:

    A) Cumulative Preference Shares

    B) Non-cumulative Preference Shares

    C) Convertible Preference Shares

    D) Non-convertible Preference Shares

    Correct Answer: C

    Solution :

    [c] Convertible Preference Shares


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