Question

1. Excess of proportion capital over actual capital represents
(a)Equal Capital (b)Surplus Capital (c)Deficit Capital (d)Gain
2. If any asset is taken over by partner from firm his capital account will
(a)Credited (b)
Debited (c)Added (d)Divided
3. The person on whom a bill is drawn is called
(a)Drawee (b) Payee (c) Drawer (d) Acceptor
4. Shareholder get
on shares
(a)interest (b)Commission (c)
Rent (d)Dividend
S. The liability of shareholder in Joint Stock Company is
(a)Join & Several (b) Limited (c) Unlimited (d) Huge​

Answer 1

Answer:

1. (c) Deficit Capital

2. (b) Debited

3. (c) Drawer

4. (d) Dividend

5. (b) Limited

Explanation:

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