The minimum share application money is
A) Rs.5 per share
B) 5% of nominal value of shares
C) 10% of nominal value of shares
D) 20% of nominal value of shares.
Correct Answer:
Verified
Q17: To ascertain the real profit, the difference
Q18: Under single entry system the main account
Q19: The system of keeping incomplete record is
Q20: In single entry system sales are computed
Q21: The single entry system cannot be adopted
Q23: When closing capital is more than opening
Q24: Which method is used under single entry
Q25: Credit purchase is determined by preparing
A)Purchase Account
B)Debtor's
Q26: Under Incomplete records only _ accounts are
Q27: Single entry system contains
A)All the relevant accounts
B)Only
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