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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Answer Posted / manoj mohanan
i)True
ii)False
iii)True
iv)False
v)True
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