GCE Commerce 2023 Objective — Question 9
Question 9 of 50 from the General Certificate of Education (GCE) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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Share capital contributed by members of a cooperative society is a type of (a) equity capital (b) loan capital (c) debenture capital (d) reserve capital
- A. equity capitalCorrect
- B. loan capital
- C. debenture capital
- D. reserve capital
Explanation
Members of a cooperative society contribute share capital to the society, which is a form of equity capital, meaning members own a share of the society and its profits.
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