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state wheather the following statements are true or false
i, the issue of shares ata discount must be authorized by a
special resolution of company.
ii, operating or finance lease comes under provision of as-
13
iii, at the end of the accounting period the balance
of "goods sent to branch account" is transfered to trading
acount
iv, for life business premium is to be recognized on
receipt basis
v, a banking cannot grant any loans on securities of its
own shares
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selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
Audit 
