मराठी

State whether the following statement is True or False. A company is an artificial person.

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प्रश्न

State whether the following statement is True or False.

A company is an artificial person.

State whether the following statement is true.

A company is an artificial person.

चूक किंवा बरोबर
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उत्तर

This statement is true.

Explanation:

Under accounting rules, a company is considered an artificial person because it has a separate legal identity from its owners, known as the Business Entity Principle. This means all financial transactions are recorded from the company’s perspective, not the owner’s personal view. Because the company acts as an independent person, it can own assets, take loans, and enter into contracts under its own name. Consequently, the money invested by the owner is treated as a liability (Capital) that the company owes back to them.
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Formation of a Company
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Formation of a company - Exercise Q.1 [पृष्ठ ४५]

APPEARS IN

बालभारती Secretarial Practice [English] Standard 11 Maharashtra State Board
पाठ 3 Formation of a company
Exercise Q.1 | Q 4.01 | पृष्ठ ४५
एनसीईआरटी Accountancy Company Accounts and Analysis of Financial Statements [English] Class 12
पाठ 1 Accounting for Share Capital
Intext questions | Q (a) | पृष्ठ ७

संबंधित प्रश्‍न

True/False Answer Question:

Statement in lieu of prospectus can be filed by a public company going for a public issue.


Discuss the stages of the formation of a company.


Select the correct answer from the options given below and rewrite the statement:
A company is __________.


Select the correct answer from the options given below and rewrite the statement:
___________ are the persons who undertake the process of formation of a company.


Select the correct answer from the options given below and rewrite the statement:
__________is a document which invites the public to buy the shares of a company. 


To form a Public company, there must be minimum 2 persons/promoters.


State whether the following statement is True or False.

Promoters are persons who take the necessary steps to set up a company.


State whether the following statement is True or False.

Promoters can make secret profits while setting up a company.


State whether the following statement is True or False.

In India, companies have to be incorporated as per the provisions of Companies Act, 2013.


State whether the following statement is True or False.

DSC is needed by Directors when they have to sign documents for e-filing.


State whether the following statement is True or False.

Every Director has to quote his DIN while giving his consent to be a Director of a company.


State whether the following statement is True or False.

ROC issues CIN only to certain companies.


State whether the following statement is True or False.

All companies need Certificate of Commencement of business.


Find the odd one.


Complete the sentence.

Promoters are the persons who undertake the process of _______.


Complete the sentence.

The document issued by the Registrar of companies when a company is incorporated is called as _______.


Select the correct option form the given option:

Group A

Group B

___________

Certificate of incorporation


Select the correct option form the given option:

Group A

Group B

CIN

_______

Select the correct option form the given option:

Group A

Group B

RUN is used for

_______

Answer in brief.

State the contents of Certificate of Incorporation


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