State whether you agree or disagree with the following statements.i.

1.	State whether you agree or disagree with the following statements.i. In the case of Pro-rata allotment the excess application money received must be refunded.ii. Calls-in-Advance account is shown on the asset side of the Balance Sheet.iii. The Authorised Capital is also known as Nominal Capital.iv. Paid-up capital can be more than Called-up Capital.v. The joint-stock company can raise a huge amount of capital.
Answer» i. Disagree ii. Disagree iii. Agree iv. Disagree v. Agree

State whether you agree or disagree with the following statements.i. In the case of Pro-rata allotment the excess application money received must be refunded.ii. Calls-in-Advance account is shown on the asset side of the Balance Sheet.iii. The Authorised Capital is also known as Nominal Capital.iv. Paid-up capital can be more than Called-up Capital.v. The joint-stock company can raise a huge amount of capital.

Answer»

i. Disagree

ii. Disagree

iii. Agree

iv. Disagree

v. Agree

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