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Equity shares were earlier known as

This question belongs to Commerce Business And Commerce
Business and Commerce
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Equity shares were earlier known as __________.

Answer & Solution
Correct Answer: Option A
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.
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Manoj12 Manoj12
Manoj12 Manoj12 3 years ago
3. Del credere commission is allowed to cover-
(a) Normal loss
(b) Abnormal loss
(c) Loss due to bad debts
(d) All of the above
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