12 Questions
What is the value of each part or unit of share known as?
Face value
What document serves as evidence of ownership of shares?
Share certificate
What is the term used to describe the number that identifies each share for identification purposes?
Distinctive Number
What is the price at which a company sells its shares known as?
Issue price
What is the term used for the smallest unit in the total share capital of a company?
Share
What term refers to the owner of a share in a company?
Shareholder
What is the term used to describe the capital raised by a company with the help of owners (shareholders)?
Owned capital
Which form of owned capital involves reinvesting profits back into the business?
Retained earnings
What is another term for owned capital based on profit reinvestment within the business?
Retained earnings
Why is owned capital considered permanent?
It is returned only at winding up of the company
In what document is the amount of share capital required by a company specified?
Memorandum of Association
What is defined as a share in the share capital of a company according to the Companies Act 2013?
Share
This quiz covers the various sources of owned capital in business finance, including capital raised by shareholders and retained earnings. Test your knowledge on the different forms of owned capital used by companies.
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