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Indicate whether the following statements are true or false Aaa a line o Indicate whether the following statements are true or false b. d. g.

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Indicate whether the following statements are true or false

Aaa a line o Indicate whether the following statements are true or false b. d. g. h. Sole ro etorshi has limited liabili Shareholders of a limited com n are aid with commission. Debentures are aid at a fixed rate of interest. In compliance with the Company Acts 2016, the authorised capital of a company is the maximum amount of capital a company is allowed to raise from public by the issue of shares. Debenture interest aid is a share of rofits made the com an The unpaid portion of partners' salary is credited to his Current Account at year end. Interim dividends are dividends declared at the end Of the financial period, after rofits are determined. A Joan from partner in a partnership is considered as an investment by the rtner. Interest on Capital of a partnership is recorded in the Profit & Loss Appropriation Account. Interest on Drawi sis recorded in the Profit & Loss Account of a artnershi . (1 mark each)

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