Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.

Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.
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Justify the following statement: When a company is in financial difficulty it may call a meeting of creditors.
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A meeting of the shareholders held only once during the life time of the company is known as– (A) Meeting of the Directors (B) Meeting of the Creditors (C) Extraordinary General Meeting (D) Statutory Meeting

Description : A meeting of the shareholders held only once during the life time of the company is known as– (A) Meeting of the Directors (B) Meeting of the Creditors (C) Extraordinary General Meeting (D) Statutory Meeting

Last Answer : Answer: Statutory Meeting

Justify the following statement: As per the Companies Act, every company has to hold the Annual General Meeting.

Description : Justify the following statement: As per the Companies Act, every company has to hold the Annual General Meeting.

Last Answer : Justify the following statement: As per the Companies Act, every company has to hold the Annual General Meeting.

Explain the following concept: Creditor’s Meeting

Description : Explain the following concept: Creditor’s Meeting

Last Answer : Explain the following concept: Creditor’s Meeting

Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Description : Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Last Answer : Justify the following statement: Extra Ordinary General Meeting is called under special circumstances.

Justify the following statement: A notice of the meeting must be sent to all members in case of the General Meeting.

Description : Justify the following statement: A notice of the meeting must be sent to all members in case of the General Meeting.

Last Answer : Justify the following statement: A notice of the meeting must be sent to all members in case of the General Meeting.

Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Description : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Last Answer : Justify the following statement: Board of Directors can exercise their powers collectively through the Board Meeting.

Justify the following statement: Annual General Meeting is adjourned in absence of a quorum.

Description : Justify the following statement: Annual General Meeting is adjourned in absence of a quorum.

Last Answer : Justify the following statement: Annual General Meeting is adjourned in absence of a quorum.

Justify the following statement: The meeting must be duly convened and properly constituted.

Description : Justify the following statement: The meeting must be duly convened and properly constituted.

Last Answer : Justify the following statement: The meeting must be duly convened and properly constituted.

Justify the following statement: The proxy can not speak in the meeting.

Description : Justify the following statement: The proxy can not speak in the meeting.

Last Answer : Justify the following statement: The proxy can not speak in the meeting.

A Tribunal makes an order under section 230 of the Companies Act, 2013 sanctioning a compromise or an arrangement in respect of a company. In this context, strike the odd one out: a) It will supervise the implementation. b) It can give order for winding up of the company. c) It can modify the order or compromise. d) It can ask for creditors’ responsibility statement.

Description : A Tribunal makes an order under section 230 of the Companies Act, 2013 sanctioning a compromise or an arrangement in respect of a company. In this context, strike the odd one out: a) It will ... . c) It can modify the order or compromise. d) It can ask for creditors' responsibility statement.

Last Answer : d) It can ask for creditors’ responsibility statement.

Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position

Description : Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position

Last Answer : Answer: have no effect on liquidity

Operational audits generally have been conducted by internal and COA auditors, but may be performed by certified public accountants. A primary purpose of an operational audit is to provide: a. A measure of management performance in meeting organizational goalsb. The results of internal examinations of financial and accounting matters to a company's top-level management. c. Aid to the independent-auditor, who is conducting the examination of the financial statements. d. A means of assurance that internal accounting controls are functioning as planned.

Description : Operational audits generally have been conducted by internal and COA auditors, but may be performed by certified public accountants. A primary purpose of an operational audit is to provide: ... statements. d. A means of assurance that internal accounting controls are functioning as planned

Last Answer : A measure of management performance in meeting organizational goals

Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Description : Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Last Answer : (2) Creditors Explanation: Companies issue debentures instead of shares to extend their business. These debentures are issue to borrow loan from general public; interest is paid on the borrowed money ... holders. So a debenture holder is essentially a creditor who simply gives loan to the company.

What happens to a company when its debt-to-assets ratio increases? a. Its credibility among creditors suffers. b. It envisages higher risk. c. Its short term interest rates increase. d. Its bond rating is reduced. e. c, d

Description : What happens to a company when its debt-to-assets ratio increases? a. Its credibility among creditors suffers. b. It envisages higher risk. c. Its short term interest rates increase. d. Its bond rating is reduced. e. c, d

Last Answer : e. c, d

If a default is made in delivering the annual return to the Registrar , the company is likely to facea) Compulsory winding up by the tribunal. b) Voluntary winding by members. c) Voluntary winding up by creditors. d) None of the above

Description : If a default is made in delivering the annual return to the Registrar , the company is likely to facea) Compulsory winding up by the tribunal. b) Voluntary winding by members. c) Voluntary winding up by creditors. d) None of the above

Last Answer : a) Compulsory winding up by the tribunal.

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______ (A) Realisation Account (B) Bank Account (D) Liability Account (D) Creditors Account

Description : When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______ (A) Realisation Account (B) Bank Account (D) Liability Account (D) Creditors Account

Last Answer : (A) Realisation Account

Debenture holders of a company are its (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Description : Debenture holders of a company are its (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Last Answer : Creditors

i. Can the company call for the next Annual General Meeting to be held immediately to remove the Director?

Description : i. Can the company call for the next Annual General Meeting to be held immediately to remove the Director?

Last Answer : Study the following case situation and express your opinion: XYZ Ltd held its Annual General ... this meeting for the removal of the Director?

A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of the following ? (A) The date of incorporation (B) The date at which the company is entitled to commence business (C) The date of actual receipt of certificate of incorporation (D) The date of actual commencement of business

Description : A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of ... date of actual receipt of certificate of incorporation (D) The date of actual commencement of business

Last Answer : Answer: The date at which the company is entitled to commence business

List A in statement of affairs gives in the list of a) Assets specifically pledged b) Assets not specifically pledged c) Preferential creditors d) Unsecured creditors

Description : List A in statement of affairs gives in the list of a) Assets specifically pledged b) Assets not specifically pledged c) Preferential creditors d) Unsecured creditors

Last Answer : b) Assets not specifically pledged

Secured creditors are shown in the statement of affairs under a) List A b) List B c) List C d) List D

Description : Secured creditors are shown in the statement of affairs under a) List A b) List B c) List C d) List D

Last Answer : b) List B

Depreciation is shown in ____________________. a. P & L statement b. Current Assets c. Investments d. Creditors

Description : Depreciation is shown in ____________________. a. P & L statement b. Current Assets c. Investments d. Creditors

Last Answer : a. P & L statement

Which of the following does not affect the fund flow statement a) Issue of shares b) Borrowing c) Repayment of loan d) Payment to creditors

Description : Which of the following does not affect the fund flow statement a) Issue of shares b) Borrowing c) Repayment of loan d) Payment to creditors

Last Answer : d) Payment to creditors

An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by– (A) All the directors of company (B) All the members entitled to vote there at (C) Majority of members entitled to vote there all (D) None of the above

Description : An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by– (A) All the directors of company (B) All the members entitled to vote there at (C) Majority of members entitled to vote there all (D) None of the above

Last Answer : Answer: All the members entitled to vote there at

What is a certain kind of policy of your company that you have difficulty with (if any)?

Description : What is a certain kind of policy of your company that you have difficulty with (if any)?

Last Answer : I’m not allowed to smear Vaseline all over myself and pretend to be a snake

. One of the major difficulties in the biological control of insect pest is that (a) the method is less effective as compared with the use of insecticides (b) the practical difficulty of introducing the predator to specific areas (c) the predator develops a preference to other diets and may itself become a pest (d) the predator does not always survive when transferred to a new environment.

Description : . One of the major difficulties in the biological control of insect pest is that (a) the method is less effective as compared with the use of insecticides (b) the practical difficulty of introducing ... become a pest (d) the predator does not always survive when transferred to a new environment.

Last Answer : (d) the predator does not always survive when transferred to a new environment.

A major problem with using style modification is that 1. customers have difficulty recognizing that a change has been made 2. such changes do not yield long lasting appeal 3. customers may perceive such modifications as less attractive 4. they are almost always very costly 5. none of these

Description : A major problem with using style modification is that 1. customers have difficulty recognizing that a change has been made 2. such changes do not yield long lasting appeal 3. customers may perceive such modifications as less attractive 4. they are almost always very costly 5. none of these

Last Answer : customers may perceive such modifications as less attractive

Which of the following terms related to aphasia refers to difficulty reading? a) Alexia Alexia or dyslexia may occur in the absence of aphasia.

Description : Which of the following terms related to aphasia refers to difficulty reading? a) Alexia Alexia or dyslexia may occur in the absence of aphasia. b) Agnosia Agnosia is failure to recognize familiar ... continued and automatic repetition of an activity, word, or phrase that is no longer appropriate.

Last Answer : a) Alexia Alexia or dyslexia may occur in the absence of aphasia.

Halitosis and a sour taste in the mouth are signs and symptoms associated most directly with a) esophageal diverticula. Because the diverticula may retain decomposed food, halitosis and a sour taste in the mouth are frequent complaints. b) achalasia. Achalasia presents as difficulty in swallowing both liquids and solids. c) gastroesophageal reflux. Gastroesophageal reflux presents as burning in the esophagus, indigestion, and difficulty in or pain upon swallowing. d) hiatal hernia. Hiatal hernia presents as heartburn, regurgitation, and dysphagia in many patients while at least 50% are asymptomatic.

Description : Halitosis and a sour taste in the mouth are signs and symptoms associated most directly with a) esophageal diverticula. Because the diverticula may retain decomposed food, halitosis and a sour ... as heartburn, regurgitation, and dysphagia in many patients while at least 50% are asymptomatic.

Last Answer : a) esophageal diverticula. Because the diverticula may retain decomposed food, halitosis and a sour taste in the mouth are frequent complaints.

Regarding oral cancer, the nurse provides health teaching to inform the patient that a) many oral cancers produce no symptoms in the early stages. As the cancer progresses, the patient may complain of tenderness or difficulty in chewing, swallowing, or speaking.

Description : Regarding oral cancer, the nurse provides health teaching to inform the patient that a) many oral cancers produce no symptoms in the early stages. As the cancer progresses, the patient may complain of ... crater-like. A typical lesion in oral cancer is a painless hardened ulcer with raised edges.

Last Answer : a) many oral cancers produce no symptoms in the early stages. As the cancer progresses, the patient may complain of tenderness or difficulty in chewing, swallowing, or speaking.

A major problem with using style modification is that: A)customers have difficulty recognising that a change has been made B)such changes do not yield long -lasting appeal C)customers may perceive such modifications as less attractive D)they are almost always very costly

Description : A major problem with using style modification is that: A)customers have difficulty recognising that a change has been made B)such changes do not yield long-lasting appeal C)customers may perceive such modifications as less attractive D)they are almost always very costly

Last Answer : C)customers may perceive such modifications as less attractive

A child is a back -bencher and is unable to watch the black-board clearly, therefore he stands, see and sit repeatedly. It disturbs the nearby classmates, what inference will you draw with reference to the student's difficulty? Options: A) The child has poor eye-sight B) The child may has defective eyes C) The black-board may has shining effect of light D) None of the above

Description : A child is a back -bencher and is unable to watch the black-board clearly, therefore he stands, see and sit repeatedly. It disturbs the nearby classmates, what inference will you draw with reference to the ... defective eyes C) The black-board may has shining effect of light D) None of the above

Last Answer : A) The child has poor eye-sight 

Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences. C. Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts they are. No amount of net good consequences could ever justify them. D. The end never justifies the means.

Description : Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No ... amount of net good consequences could ever justify them. D. The end never justifies the means.

Last Answer : B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.

Pick out the wrong statement. (A) Loamy soil is the best soil for vigorous plant growth, while the clayey soil is solid and hence the plant roots penetrate with difficulty (B) Large excess use of nitrogenous fertiliser in land causes the problem of diarrhoea and cyanosis (C) Application of large excess of Potassic fertiliser in soil increases the valuable carotene in fruits and vegetables (D) Cereal crops grown on alkaline soil absorb higher amount of fluorides thereby spreading fluorosis

Description : Pick out the wrong statement. (A) Loamy soil is the best soil for vigorous plant growth, while the clayey soil is solid and hence the plant roots penetrate with difficulty (B) Large ... vegetables (D) Cereal crops grown on alkaline soil absorb higher amount of fluorides thereby spreading fluorosis

Last Answer : (C) Application of large excess of Potassic fertiliser in soil increases the valuable carotene in fruits and vegetables

Which of the following terms refers to leg pain that is brought on walking and caused by arterial insufficiency? a) Intermittent claudication Intermittent claudication is leg pain that is brought on by exercise and relieved by rest. b) Dyspnea Dyspnea is the patient’s subjective statement of difficulty breathing. c) Orthopnea Orthopnea is the inability of the patient to breathe except in the upright (sitting) position. d) Thromboangitis obliterans Thomroangitis obliterans is a peripheral vascular disease also known as Burger’s disease.

Description : Which of the following terms refers to leg pain that is brought on walking and caused by arterial insufficiency? a) Intermittent claudication Intermittent claudication is leg pain that is ... obliterans Thomroangitis obliterans is a peripheral vascular disease also known as Burger's disease.

Last Answer : a) Intermittent claudication Intermittent claudication is leg pain that is brought on by exercise and relieved by rest.

Which of the following is correct statement? (A) Computers can be used for diagnosing the difficulty of a student in learning a subject (B) Psychological testing can be done with the help of computer provided a software is available (C) A set of instructions is called a programme (D) All the above

Description : Which of the following is correct statement? (A) Computers can be used for diagnosing the difficulty of a student in learning a subject (B) Psychological testing can be done with the help of computer provided a software is available (C) A set of instructions is called a programme (D) All the above

Last Answer : D

The reason why an auditor accumulates evidence is to a. Defend himself in the event of a lawsuit. b. Justify the conclusions he has otherwise reached. c. Satisfy the requirements of the bureau of internal revenue. d. Enable him to reach conclusions about the fairness of the financial statements and issue an appropriate audit report

Description : The reason why an auditor accumulates evidence is to a. Defend himself in the event of a lawsuit. b. Justify the conclusions he has otherwise reached. c. Satisfy the requirements of the ... him to reach conclusions about the fairness of the financial statements and issue an appropriate audit report

Last Answer : Enable him to reach conclusions about the fairness of the financial statements and issue an appropriate audit report

i. The meeting which is held once in every financial year is called as ________ ii. The meeting held to discuss and decide any special

Description : i. The meeting which is held once in every financial year is called as ________ ii. The meeting held to discuss and decide any special

Last Answer : Complete the sentence: i. The meeting which is held once in every financial year is ... convene the Annual General Meeting is with the ________

Which of the following characteristics most likely would heighten an auditor’s concern about the risk of intentional manipulation of financial statements? a. Turnover of senior accounting personnel is low. b. Insiders recently purchased additional shares of the entity’s stock. c. Management places substantial emphasis on meeting earnings projections. d. The rate of change in the entity’s industry is slow.

Description : Which of the following characteristics most likely would heighten an auditor's concern about the risk of intentional manipulation of financial statements? a. Turnover of senior accounting personnel is low. b ... meeting earnings projections. d. The rate of change in the entity's industry is slow.

Last Answer : Management places substantial emphasis on meeting earnings projections.

Which of the following procedures is normally performed in connection with a compilation engagement? a. Inquire of management about subsequent events b. Making inquiries of management concerning actions taken at board meeting c. Applying analytical review procedures d. Collect, classify and summarize financial information

Description : Which of the following procedures is normally performed in connection with a compilation engagement? a. Inquire of management about subsequent events b. Making inquiries of management ... meeting c. Applying analytical review procedures d. Collect, classify and summarize financial information

Last Answer : Collect, classify and summarize financial information

Can you show me a list of creditors for Canadian debt?

Description : Can you show me a list of creditors for Canadian debt?

Last Answer : answer:@RedDeerGuy1 That's not quite how sovereign debt works. Sovereign debt is funded by issuing bonds, which are tradeable, and a list of holders most likely changes on a daily basis. And it may ... to bank. Also, most of the bonds are probably held by domestic investors, such as pension funds.

Would you be on creditors’ committee of a bankrupted family member?

Description : Would you be on creditors’ committee of a bankrupted family member?

Last Answer : answer:Can you afford to lose almost half a million dollars? Is this man your wife’s brother?

Is it possible for creditors to forgive debt, and could that be solution to the country's/world's problems?

Description : Is it possible for creditors to forgive debt, and could that be solution to the country's/world's problems?

Last Answer : answer:This is done all the time, but the bill still has to be picked up by somebody. The U.S. has occasionally forgiven some foreign debt, but it gets paid for by the taxpayers. The credit ... understand all of the nuances, but the bottom line is that the piper must eventually be paid by someone.

How does bankruptcy stop creditors and what is the Automatic Stay?

Description : How does bankruptcy stop creditors and what is the Automatic Stay?

Last Answer : After you file for bankruptcy, the automatic stay offers potent legal protection against bill collectors. When you file for bankruptcy, something called the automatic stay immediately stops any lawsuit ... have to overcome this presumption to get the protection of the stay in your current case.

(i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Description : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.

1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Last Answer : Journalise the following transactions in the Journal Proper of Mr. Mahadev. 1 Pass opening entries: ... Allowed cash discount of ₹ 1,000 to Ajay.

Would have made it easier for debtors to pay their creditors?

Description : Would have made it easier for debtors to pay their creditors?

Last Answer : Paper Money

What are Supply a short response for this vacancy for creditors clerk?

Description : What are Supply a short response for this vacancy for creditors clerk?

Last Answer : Feel Free to Answer