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Company Accounts – Issue of Shares — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyCompany Accounts – Issue of Shares1 Mark
Question
Define Share.
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Answer

The owned capital of a company when divided into a large number of parts having equal face value, each such part is called a ‘Share’.

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