751.Which of the following is referred to confirm the allotment of shares to the vendor
A.Cash book
B.Pass book
C. Director’s minute

752.Share premium Account is shown on the _______________
A.Asset side of Balance sheet
B.Liability side of Balance sheet
C.Credit side of profit and loss Account

753.Issue of shares at discount should be sanctioned by the ________________
A.Board of directors
B.Share holders
C.Company Law Board

754.The maximum rate of discount on shares shall not exceed________________
A.20%
B.15%
C.10%

755.Discount on issue of shares not written of is shown separately in Balance sheet under the head_____________
A.Miscellaneous expenditure
B.Preliminary expanses
C. Current assets

756.__________________section of Companies Act deals with share Capital
A.69
B.60
C.50

757.Which among the following is not a function of the author
A.Checking errors and frauds
B.Vouching with original documents
C. Preparing final Accounts

758.Audit conducted as per the provisions of law is _____________
A.Statutory Audit
B.Continuous Audit
C. Social Audit

759.The scope of auditing does not cover.
A.Vouching
B.Checking arithmetical accuracy
C.Ledger posting

760.Internal audit is conducted
A.Periodically
B.Throughout the year
C. Once in a year

NOTE
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