Which of the following statements is not true:
A. To write off goodwill out of retained income is neither a source nor an application of funds
B. To declare dividend on equity share capital is an application of funds
C. To issue bonus shares is not a source of funds
D. Payment to creditors does not affect the amount on net working capital
Answer: Option B
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B

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