Download App

P2 C1 ACCOUNTING FOR SHERE CAPITAL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C1 ACCOUNTING FOR SHERE CAPITAL1 Mark
Question
Can company issue shares at discount?
✓

Answer

As per Companies Act $2013,$ not a single company can issue shares at discount.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Each" from P2 C1 ACCOUNTING FOR SHERE CAPITAL→P2 C1 ACCOUNTING FOR SHERE CAPITAL — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Under which head 'Securities premium reserve account appears in balance sheet?
→
What is balance of outstanding expense ?
→
What is ‘Shareholders’ funds ?
→
Where would you record closing balance of profit and loss appropriation account?
→
Which account is debited if partners take over any assets on dissolution of partnership firm.
→
Give any two uses of amount of securities premium reserve.
→
State the accounting treatment of goodwill shown in old balance sheet at the time of admission of a new partner.
→
Where will you disclose interest on provident fund in annual accounts ?
→
What is gain ratio?
→
State the formula for goodwill valued by weighted average profit method.
→