Consider the following statements:
Assertion (A): Every shareholder has a right to receive a share-certificate from the company whose shares he has purchased.
Reason (R): Share-certificate is a conclusive evidence of the title of the person to the shares which are written in his name in the certificate.
Now select your answer:
A. Both A and R are ture and R is the correct explanation of A
B. Both A and R are true and R is not the correct explanation of A
C. A is true, but R is false
D. A is false, but R is ture
Answer: Option A
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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