A loan to a company under the company's seal is
...A loan to a company under the company's seal is
Fixed deposit
Mortgage
Bond
Debenture
Correct answer is B
Some common uses of company seals include:
– Company resolutions
– Important Contracts and Deeds
– Property transfer (landed in most cases) and execution of land contracts.
– Execution of loan documents, mortgages, and guarantees.
– Occasions where a document will be utilized outside the country.
In this case a loan to a company under the company seal is a mortgage
The records of wages due but not yet paid is an example of an adjustment for ...
In a partnership goodwill is recognized when ...
The financial statement which is an expression of the accounting equation is the ...
Which of the following condition would attract credit and debit notes to be used? ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...