Get premium membership and access questions with answers, video lessons as well as revision papers.
I) The prospect of restoring profitability to reasonable levels and resumption of dividends to shareholders
II) The rights of various classes of interested parties like creditors and debenture holders, preference shareholders
III) The full amount of the loss of capital to be written off
III) interests of creditors and shareholders.The reduction must be for a discernable purpose, all shareholders must be treated equitably
IV) In compliance with the Companies Act, a company may reduce its share capital subject to authorisation of the articles and confirmation by the court, the following a special resolution
Wincate 1 answered the question on October 12, 2017 at 14:22
- Highlight the circumstances under which capital reduction can occur in a company.(Solved)
Highlight the circumstances under which capital reduction can occur in a company.
Date posted: October 12, 2017. Answers (1)
- What is meant by the term called up share capital? (Solved)
What is meant by the term called up share capital?
Date posted: October 12, 2017. Answers (1)
- Differentiate between preference shares and ordinary shares.(Solved)
Differentiate between preference shares and ordinary shares.
Date posted: October 12, 2017. Answers (1)
- Define the term shares.(Solved)
Define the term shares.
Date posted: October 12, 2017. Answers (1)
- Outline the procedure of stores verification.(Solved)
Outline the procedure of stores verification.
Date posted: October 12, 2017. Answers (1)
- What is the purpose of physical verification of stores. (Solved)
What is the purpose of physical verification of stores.
Date posted: October 12, 2017. Answers (1)
- State the main functions of storekeeping.(Solved)
State the main functions of store keeping.
Date posted: October 12, 2017. Answers (1)
- Define the term storekeeping.(Solved)
Define the term storekeeping.
Date posted: October 12, 2017. Answers (1)
- Explain how material management helps an enterprise in reducing cost of production and distribution and also attaining its objectives.(Solved)
Explain how material management helps an enterprise in reducing cost of production and distribution and also attaining its objectives.
Date posted: October 12, 2017. Answers (1)
- What are the functions of material management ?(Solved)
What are the functions of material management.
Date posted: October 12, 2017. Answers (1)
- Limor is an investor and wishes to invest in machinery, discuss the following methods of investment appraisal to advise Limor and giving advantages of each(Clearly outline the source document)(Solved)
Limor is an investor and wishes to invest in machinery,Discuss the following methods of investment appraisal to advise Limor and giving advantages of each(Clearly outline the source document)
a.NPV(Net present value)
b.Pay back period(Pay back period)
c.ARR(Accounting rate of return)
d.IRR(Internal rate of return)
Date posted: October 7, 2017. Answers (1)
- Give functions of office practice(Solved)
Functions of office practice
Date posted: October 3, 2017. Answers (2)
- Differentiate between personal and impersonal accounts.(Solved)
Differentiate between personal and impersonal accounts.
Date posted: October 2, 2017. Answers (1)
- Give the various types of cashbook.(Solved)
Give the various types of cashbook.
Date posted: October 2, 2017. Answers (1)
- Explain the going -concern concept as an accounting principle.(Solved)
Explain the going -concern concept as an accounting principle.
Date posted: October 2, 2017. Answers (1)
- Differentiate between Business entity concept and Money measurement concept.(Solved)
Differentiate between Business entity concept and money measurement concept.
Date posted: October 2, 2017. Answers (1)
- State four types of accounting principles.(Solved)
State four types of accounting principles.
Date posted: October 2, 2017. Answers (1)
- What is meant by the term accounting principles? (Solved)
What is meant by the term accounting principles.
Date posted: October 2, 2017. Answers (1)
- Outline the desirable characteristics of accounting.(Solved)
Outline the desirable characteristics of accounting.
Date posted: October 2, 2017. Answers (1)
- Define the term accounting.(Solved)
Define the term accounting.
Date posted: October 2, 2017. Answers (1)