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Accounting for ...

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  • Question 1
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    If a company has the word limited at the end of its name, this means that the _________.

  • Question 2
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    It is UNCOMMON in calls in advance that ______________________.

  • Question 3
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    ABC Inc issues $$30,000$$ shares of Rs.$$1$$ at Rs$$1.30$$ for each share. Which of the following statement is true?

  • Question 4
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    What is the nature of expenses incurred on the issue of shares?

  • Question 5
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    Shares of some limited company are ___________.

  • Question 6
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    "Share holder wealth" in a firm is represented by the _______.

  • Question 7
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    A company that has the liability of its members limited by the Memorandum of Association to such amount as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up it termed______________.

  • Question 8
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    When shares are forfeited, share capital account is ___________.

  • Question 9
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    In case of under subscription, ________ is NOT found.

  • Question 10
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    When there is an increase in the authorized capital with which the company is registered, ______ is to be altered.

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