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Commerce
Miscellaneous In Commerce
Difficulty: Medium
Consider the following statements about office automation: (1) The growth of EDP (electronic data processing) and emergence of MIS (Management Information System) are two independent entities. (2) DSS (Decision Support System) is accessible only to the computer specialists. Which of the statements given above is/are correct?
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X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be: