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Question
State true or false with reason.
Joint-stock company form of the business organisation came into existence after industrial revolution.
Options
True
False
MCQ
True or False
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Solution
This statement is True.
As the volume and scale of trade and industry expanded, specially after industrial revolution, a very large unit of commercial organisation requiring large capital and greater managerial skill, called Joint stock company came into existence.
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 339]
