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Commerce Financial Management Difficulty: Medium

'Right of Participation' given to preference shareholders normally implies the right to participate in: It is given in adjustment that during the accounting year, the trader distributed goods worth Rs. 5,000 as free samples. While preparing Final Accounts, this will be shown in Consider the following statements regarding New Companies Act, 2013. 1. It replaced the Companies Act, 1956. 2. It has introduced concept of one person company. 3. It mandates corporate social responsibility for select class of companies. Identify the correct statement. In the case of hire purchase assets account is debited with Which of the following statement(s) is/are correct? 1. Project organisation is a permanent arrangement. 2. Project organisation is a long-term task. 3. Project organisation is temporary arrangement. 4. Project organisation is a cost effective system.