A company may issue, at a discount share in the company of a class already issued if:
A. It is authorised by a resolution passed at the General Meeting and approved by the Company Law Board
B. At least one year has elapsed since the receipt of the certificate to commence business
C. The particulars of the discount allowed on the issue of shares are clearly mentioned in the prospectus issued
D. All the above conditions are fulfilled
Answer: Option D
This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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