Q101
Equity shares were earlier known as __________.
A.
ordinary shares
AnswerB.
deferred shares
C.
redeemable shares
D.
irredeemable shares
Answer: Option A
Solution
Answer: Option A
Solution:
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.