Class/Course - CA - CPC

Subject - Fundamentals of Accounting

Chapter - Issue, Forfeiture and Reissue of shares

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Q.1 Unless otherwise stated a preference share is always deemed to be:
  Cumulative, Participating and Convertible
  Cumulative, Non-participating and Non-Convertible
  Non-Cumulative, Participating and Non-Convertible
  Non-Cumulative, Non-Participating and Convertible.