Question
When the shares are issued for consideration other than
cash which account will be debitedSolution
When shares are issued for consideration other than cash, the company typically issues these shares in exchange for assets, services, or settling a liability. In such cases, the account representing the party from whom the assets or services are received, or the liability is settled, is debited. This is usually the Vendor Account, as it records the entity providing the assets or services.
Out of the statements given below, one statement may be grammatically and contextually correct. Choose the correct statement as your answer. If all the...
The area was home in(A)/ some crazy book lovers and (B)/ intellectuals that added to its character. (C) / No error. (D)
My sister has been(A)/ interested in medicine (B)/ever since she was a child.(C)
Invariably, governments directed by (1)/the courts want to weigh (2)/the losses of IDPs financially (3)/and get away with compensate (4).
Read the given sentence to find out whether there are any grammatical/ contextual errors in them. The errors, if any, will be in two of the pa...
Indian farmers have been reeling under financial stress from immemorial time .
In Delhi, he (a)/ suddenly came across many (b)/ of his friends who had settled there. (c) / No Error (d)
Identify the segment in the sentence which contains the grammatical error. If there is no error, select 'No error'
We watched the workmen to r...
No sooner she had realized (a) / her blunder than she began (b) / to take corrective measures (c) / No error (d)Â
Col. Whiting called for (A)/my office to get (B)/the loan of (C)/an elementary work on conchology (D).
