Share application is classified as
A) Real account
B) personal account
C) impersonal account
D) nominal account
Correct Answer:
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Q5: Under diminishing balance method,
A)The rate of depreciation
Q6: The term 'depletion' applies to decrease in
Q7: The term amortization applies to decrease in
Q8: For providing depreciation on lease hold property,
Q9: Accumulated depreciation is an example of
A)An expense
B)an
Q11: A newly established company cannot issue shares
Q12: The minimum share application is
A)1% of the
Q13: The difference between subscribed capital and called
Q14: The number of days required from the
Q15: The excess price received on the par
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