Multiple Choice
Which of the following statement is false?
A) A company is a legal entity quite distinct from its members.
B) A company can buy its own shares
C) A shareholder is the agent of a company
D) Same person can be agent and creditor of the company
Correct Answer:
Verified
Correct Answer:
Verified
Q26: A new company set up by existing
Q27: Debenture is a part of:<br>A)Owner's capital<br>B)Loan capital<br>C)Reserves
Q28: Which of the following is true about
Q29: The balance sheet of the debentures sinking
Q30: The value of asset can be reduced
Q32: If the asset is sold, the provision
Q33: Interest on Debenture is:<br>A)An appropriation of profit<br>B)A
Q34: Which of the following are characteristics of
Q35: The share of profit a shareholder will
Q36: Depreciation applies to_<br>A)Current assets<br>B)Wasting assets<br>C)Intangible assets<br>D)Fixed assets