Q.
1

(i) the company is undercapitalized

(ii) company has incurred heavy losses which must be written off

(iii) the company is overcapitalized

Which one of the following is correct?

 

  • A

    (i) and (ii) only

     

  • B

    (i) and (iii) only

     

  • C

    (ii) and (iii) only

     

  • D

    All the above