Multiple Choice
Which of the following are characteristics of the company?
A) Liability of the members is limited up to the face value of the shares held by them
B) It is a voluntary association of persons
C) A company is a separate body can sue and be sued its own name
D) All of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q29: The balance sheet of the debentures sinking
Q30: The value of asset can be reduced
Q31: Which of the following statement is false?<br>A)A
Q32: If the asset is sold, the provision
Q33: Interest on Debenture is:<br>A)An appropriation of profit<br>B)A
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
Q37: Depreciation of loose tools is provided by<br>A)Replacement
Q38: Loss on sale of machinery will be:<br>A)Debited
Q39: A company can issue sweat-equity shares to:<br>A)The