The shares on which there is no any pre fixed rate of dividend is decided but the rate of dividend i...........

General Accounting Principles Accounting for Shares

The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called :

Equity Share

Non-cumulative preference share

Non-convertible preference share

Non-guaranteed preference share

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Explanation:

An equity share, normally known as ordinary share is a part ownership where each member is a fractional owner and initiates the maximum entrepreneurial liability related with a trading concern. These types of shareholders in any organization possess the right to vote.

Features of Equity Shares Capital

Equity share capital remains with the company. It is given back only when the company is closed
Equity Shareholders possess voting rights and select the company’s management
The dividend rate on the equity capital relies upon the obtainability of the surfeit capital. However, there is no fixed rate of dividend on the equity capital