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
Which preference shares are called Cumulative Preference Shares?
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Answer
Preference shares in which unpaid dividend in a year gets accumulated and added in the dividend of the next year are called Cumulative Preference Shares.
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