Advertisements
Advertisements
Question
State, whether the following statements is True or False.
Shares are issued for cash only.
Options
True
False
MCQ
True or False
Advertisements
Solution
False
Explanation: Shares can be issued for cash or for consideration other than cash. Sometimes shares are issued to vendors against purchase of assets. Also, shares are issued to the promoters of a company for setting up the company.
shaalaa.com
Is there an error in this question or solution?
