State whether the following statements are true or false.1. Fixed depo

1.	State whether the following statements are true or false.1. Fixed deposit is a short-term source of finance for the company.2. Fixed deposit holder is a creditor of the company.3. Deposits are invited by the company without issuing statutory advertisement.4. Fixed deposit holders are entitled to receive dividends.5. A private company cannot accept deposits from the general public.6. Depositors are given voting rights.
Answer» 1. True 2. True 3. False 4. False 5. True 6. False

State whether the following statements are true or false.1. Fixed deposit is a short-term source of finance for the company.2. Fixed deposit holder is a creditor of the company.3. Deposits are invited by the company without issuing statutory advertisement.4. Fixed deposit holders are entitled to receive dividends.5. A private company cannot accept deposits from the general public.6. Depositors are given voting rights.

Answer»

1. True

2. True

3. False

4. False

5. True

6. False