A. | Sinking fund method |
B. | Diminishing balance method |
C. | Annuity method |
D. | Sum-of-year digits method |
Option: A Explanation : Click on Discuss to view users comments. |
A. |
Deemed to be an illegal association and is disallowed to carryon business.
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B. |
Allowed to carryon business subject to payment of penalty.
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C. |
Allowed to carryon business subject to certain disabilities
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D. |
Allowed to carry on business only with the special permission of the Registrar of Firms.
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Option: C Explanation : Click on Discuss to view users comments. |
A. | 1 and 3 |
B. | 1 and 4 |
C. | 2 and 4 |
D. | 2 and 3 |
Option: B Explanation : Click on Discuss to view users comments. |
A. | Paying off a current liability |
B. |
Selling off a motor car for cash at a slight loss
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C. |
To borrow from money for a short time on an interest bearing promissory note
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D. | Issuing new shares. |
Option: C Explanation : Click on Discuss to view users comments. |