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