Question

deposit received from members is ___
a)asset b) investment c) liability d) none of the above​

Answer 1

Answer:

❤ Investment.....

▪︎A private Company may accept deposits from its members after obtaining the approval of the members in General Meeting through Ordinary Resolution and subject to fulfilling the following conditions: No deposits which are repayable on demand shall be accepted or renewed.

❤. HOPE THIS WILL HELP YOU BUDDY....

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