Question

2. Those shares which receives dividend only when there is sufficiently profit every
year. If there is no profit in any year then these shareholders cannot claim it out of the
profits of the subsequent years is called as:
Cumulative Preference Shares
Non - Cumulative Preference Shares
Redeemable Preference Shares
Irredeemable Preference Shares​

Answer 1

Answer:

non-cumulative preference shares