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question_answer1) Directions: Each of the following questions consists of two statements, one is Assertion (A) and the other is Reason (R). Give answer: Assertion (A): Authorised capital is shown in the notes to accounts on share capital. Reason (R): Authorised capital for equity share capital and preference share capital are not shown separately in the notes to accounts on share capital.
question_answer2) Directions: Each of the following questions consists of two statements, one is Assertion (A) and the other is Reason (R). Give answer: Assertion (A): Issued share capital can be more than the authorised share capital Reason (R): Issued share capital is that part of authorized share capital that is used for subscription whether subscribed or not.
question_answer3) Directions: Each of the following questions consists of two statements, one is Assertion (A) and the other is Reason (R). Give answer: Assertion (A): If a company does not receive the amount called by it on shares, it can forfeit the shares, if authorized by its Articles of Association. Reason (R): Forfeited shares can be reissued by the company on the terms as decided by it.
question_answer4) Directions: Each of the following questions consists of two statements, one is Assertion (A) and the other is Reason (R). Give answer: Assertion (A): Shares can be issued to employees at a discount. Reason (R): Shares can be issued to public at a discount.
question_answer5) Directions: Each of the following questions consists of two statements, one is Assertion (A) and the other is Reason (R). Give answer: Assertion (A): Securities premium reserve is shown in the equity and liabilities part of balance sheet. Reason (R): Securities premium reserve can be used for writing-off preliminary expenses.
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