True And False-ASCGPHTF
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Question 1 of 12
1. Question
The assets of a company belong to the company itself and not to its members.
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Question 2 of 12
2. Question
A company is not created and effaced by law.
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Question 3 of 12
3. Question
A private company has to write “Private Limited” with its name.
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Question 4 of 12
4. Question
Stock need not be fully paid.
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Question 5 of 12
5. Question
An equity shareholder enjoys voting right in all matters of a company.
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Question 6 of 12
6. Question
Reserved Capital is that part of Company’s Capital which is reserved for calling at the time of company’s liquidation.
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Question 7 of 12
7. Question
Premium received on shares is shown in the Balance Sheet as a part of share capital.
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Question 8 of 12
8. Question
The maximum number of members in a Private Company is 200.
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Question 9 of 12
9. Question
Calls-in-arrear are deducted from called up capital in the liabilities side of Balance Sheet.
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Question 10 of 12
10. Question
The right of surrender of shares is enjoyed by shareholders.
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Question 11 of 12
11. Question
A public company can proceed to issue shares when it has received the amount of minimum subscription.
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Question 12 of 12
12. Question
Gain on re-issue of forfeited shares is a revenue profit.
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