Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:
Which type of shares a company can issue?
Options:
Equity shares
Preference shares
Both of these
None of these
Correct Answer:
Both of these
Explanation:
As per The Companies Act, a company can issue two types of shares (1) preference shares, and (2) equity shares (also called ordinary shares).