Company A/c. Issue of shares I
The word company is derived from the Latin word Com i.e. with or together and panis i.e. bread. Originally the word referred to an association of persons or merchant men discussing matters and taking food together. Share means a share in the share capital of a company and it also includes stock except where a distinction between stock and share is expressed or implied. These online MCQ tests and MCQ questions includes all main concepts of the chapter in CS foundation Financial Accounting and Auditing.