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5. Share premium is shown in the balance sheet as an:
Anonymous Quiz
21%
Deducted from the asset side.
39%
Liability
16%
Deduction in paid up capital
24%
Asset
6. Share premium money can be used for:
Anonymous Quiz
23%
Issue of fully paid bonus shares
39%
Payment of debentures
27%
Payment of dividend
11%
Writing of good will
7. Debenture can be issued at:
Anonymous Quiz
31%
At discount
15%
At premium
11%
At premium
43%
All of the above
8. How many members have to sign a memorandum of association in case of a private company?
Anonymous Quiz
26%
Five
29%
Seven
36%
Two
9%
Ten
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9.The official signature of a company is called:
Anonymous Quiz
28%
Prospectus
12%
Debentures
14%
Shares
47%
Common seal
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10. The company is managed by the group of persons known as:
Anonymous Quiz
67%
Board of directors
18%
Group of member
11%
Team of shareholders
4%
None of the above
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CLASS 11 COMMERCE NOTE
10. The company is managed by the group of persons known as:
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