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
What is Demat Account'?
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Answer
An account which is opened for the transactions of shares (purchase/sales) between company and purchaser of shares is known as Demat Account (Dematerialisation Account). When shares are purchased it is added/credited to demat account and when shares are sold it is deducted/debited from demat account.
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