Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.

Related MCQs

• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• All the …… profits are not available for the purpose of redemption of preference shares
• Any excess amount paid to preference share holders is debited to ------ --- account
• In case of ……………..preference shares, the arrears of dividend are carried forward and paid out of the profits of the subsequent years.
• Right shares are those shares which are issued to
• No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
• a preference share is one which enjoys a preferential right regarding payment of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• If the actual profits are more than the expected normal profits, the difference is termed as ‐‐‐‐‐‐‐
• In the calculation of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐, past profits will have to be adjusted, in order to dertemine the future expected profits.
• At present, a company limited by shares cannot issue …..preference shares