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Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
Give the meaning of preference share.
✓

Answer

The types of shares which qualifies a priority in getting d{idend out of the profits of the company and also priority to be refunded the capital at the time of dissolution of the company are acknowlede as the preference share.

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