I want answers for some questions
State wether true ar false with reasons
1) A company cannot purchase its own equity shares.
2) Interium dividend is declared after the closure of the accounting year, but before the annual general meeting of the shareholders is held.
3) As per accounting standard investment classified as long -term investment should be carried in the financial statement at lower of cost or fair value.
4) An underwrite while entering into the contract for issue of shares should be a company.
5) intrest on debenture is paybale only when there is profit.
Plzzzzz send me answers for all dis questions. its my request.
CAclubindia
