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 excess revenue over expenditure is charged to ...
The yearly depreciation using the straight line method would be? ...
The main purpose of control account is to? ...
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Which of the following items is found in the sales ledger control account? ...
........................1/7/2005............30/6/2006 Drawings......................................