Question

If some shares are issued to a vendor who supplied a fixed asset, these shares are ____________________.

• A. not required to be disclosed.
• B. required to be disclosed separately under sub-head issued capital.
• C. required to be disclosed separately under sub-head authorised capital.
• D. None of these.

Answer 1

The correct option is D None of these.

In case of dissolution of partnership firm, the firm ceases to exist, the assets of the on the date of death of a partner the partnership deed provided for the following: company paid the vendors by issue of some equity shares and debentures To Fixed Assets Account.