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Question
What is the different between each of the following.
a) ordinary shares and preference shares
b) called and uncalled capital
c) bearer debentures and convertible notes
d) floating charge and specific charge
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
ordinary shares may be having the voting rights like equity
shares
peference shares - these are the kinds of shares where the
share holder gets fixed rate of dividend. THIS IS AGAIN
DIVIDED IN TO TWO TYPES CUMMULATIVE NON-CUMMULATIVE
CUMMULATIVE SHARES ARE THE SHARES WHERE PARTICULAR MONTH
DIVIDEND WILL BE DECLARED IN THE FOLLOWING MONTH ONLY
NON CUMMULATIVE PREFERNCE SHARES ARE THE SHARES FOR WHICH
THIS YEAR DIVIDEND MAY BE DECLARED IN NEXT YEAR

CALLED UP CAPITAL - IS THE AMOUNT WHICH WAS CALLED BY THE
COMPANY FROM THE PUBLIC

UNCALLED CAPITAL - IS THE AMOUNT WHICH WAS NOT CALLED BY
THE COMPANY TO THE PUBLIC SOME TIMES THIS MAY BE CALLED AS
RESERVE CAPITAL

DEBENTURE - THEY GET FIXED RATE OF INTREST AS THEY ARE NOT
CONCERNED WITH PROFITS &LOSSES

CONVRTABLE DEBENTURES ARE THE KIND OF DEBENTURES WHERE THE
DEBENTURES MAY CONVERT IN TO SHARES

FLOATING CHARGE - FOR THIS THE CHAGE MAY BE DIFFERED
DIFFERED FROM TIME TO TIME EG - SECURITIES

SPECIFIC CHARGE - IS THE CHARGE WHICH REMAINS AS CONSTANT
 
Is This Answer Correct ?    7 Yes 0 No
Ravindra
 
Answer
# 2
Ordinary Shares is those shares which having the votings
rights. Such as Equity Shares.
Prefrence shares has not having voting rights. It may be
Cummalative & Non Cummulatiive.

Called Up Capital is that Capital which is called from
public & Uncalled Capital is that capital which is not
called up from public for example if company issue 10000
shares of Rs 10/- each & it is called up only Rs. 4/- till
date then called up capital is Rs. 40000/- & uncalled
Capital is Rs. 600000/-.

Bearer Debenture is that debentures which is holding
interest rates & which is not convertible into share
Capital. Convertible Debentures are those debentures which
is convertible into share capital.

Floating Charges are those charges which have differnt
securities from time to time.
Specific Chares are those charges which have charge on a
particular security. for Example specific charge on
Building.
 
Is This Answer Correct ?    8 Yes 6 No
Anuj Kumar
 
 
 

 
 
 
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