Accountancy- Issue of Shares Set 1

Separate Legal Entity ✘ Perpetual Existence ✘ Limited Liability ✘ All of the Above ✔

Customers of the Company ✘ Owners of the Company ✘ Creditors of the Company ✘ None of these ✔

Government ✘ Board of Directors ✘ Equity shareholders ✘ Debentureholders ✔

Special act of the Parliament ✘ Companies Act ✘ Investors ✘ Members ✔

Sole Tradership ✘ Partnership Firm ✘ Company ✘ All of the Above ✔

Limited ✘ Unlimited ✘ Stable ✘ Fluctuating ✔

Paid up Value ✘ Called up value ✘ Face value ✘ Reserve Price ✔

7 ✘ 200 ✘ 20 ✘ No Limit ✔

Debenture ✘ Share ✘ Stock ✘ Bond ✔

Interest ✘ Commission ✘ Profit ✘ Dividend ✔