Ivy League Academy Senior Accountant Interview Questions and Answers

The process to issue shares in a private limited company involves several steps.

• Determine the number of shares to be issued

• Prepare the necessary documents, including the prospectus or offer letter

• Obtain approval from the board of directors and shareholders

• File the necessary forms and documents with the regulatory authorities

• Issue the shares to the subscribers and collect the subscription money

• Update the company's share...read more

The HSN code for an annual turnover of more than 1.5 cr is required for tax purposes.

• HSN code stands for Harmonized System of Nomenclature code.

• It is a code used to classify goods and services for taxation purposes.

• The specific HSN code for an annual turnover of more than 1.5 cr may vary depending on the nature of the business.

• It is important to consult the relevant tax authorities or seek professional advice to determ

The maximum number of partners in a business depends on the type of business entity.

• For a sole proprietorship, there can only be one owner.

• For a partnership, the maximum number of partners varies by state and can range from 2 to 100.

• For a limited liability company (LLC), there is no limit on the number of members.

• For a corporation, there is no limit on the number of shareholders.

• The maximum number of partners can also ...read more

The shortcut key for repeat last action in Excel is Ctrl + Y.

• The shortcut key for repeat last action in Excel is Ctrl + Y.

• This shortcut allows you to quickly repeat the last action you performed in Excel.

• For example, if you just formatted a cell and want to apply the same formatting to another cell, you can use Ctrl + Y to repeat the formatting action.

• This shortcut can save time and improve efficiency when working with