Equity shares were earlier known as __________.

A. ordinary shares

B. deferred shares

C. redeemable shares

D. irredeemable shares

Answer: Option A

Solution(By Examveda Team)

Equity shares were earlier known as ordinary shares. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner's funds. They are the foundation for the creation of a company.