In a reconstruction scheme, the reduction of capital may take the form of
A. reducing the liability of the shareholders in respect of any unpaid amount on the shares held by them
B. paying off any paid-up share capital which is in excess of its requirement
C. cancelling any paid-up share capital, which is lost or unrepresented by available assets
D. all of the above
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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