Answers The total share capital which a company would be allowed to issue is known as The total share capital which a company would be allowed to issue is known as A. issued share… Read More
Answers Creditors at start was N4,650 and at close N2,480, cash paid to suppliers during the… Creditors at start was N4,650 and at close N2,480, cash paid to suppliers during the year amounted to… Read More
Answers Umana Ltd. issued 200,000 shares at N1 each out of its Authorized Share capital of… Umana Ltd. issued 200,000 shares at N1 each out of its Authorized Share capital of N300,000 at N1… Read More
Answers One mega byte is equal to One mega byte is equal to A. 8 bytes B. 1 millin bytes C. 10 million bytes D.… Read More
Answers Purchases of goods from Obi had been entered in Obike’s Account. This is an error… Purchases of goods from Obi had been entered in Obike’s Account. This is an error of A. omssion… Read More
Answers Recurrent expenditure of government is paid from Recurrent expenditure of government is paid from A. contingenecies fund B. reserve fund C. development fund D. consilidated… Read More
Answers A bond acknowledging a loan to a company under the company’s seal, bearing a fixed… A bond acknowledging a loan to a company under the company’s seal, bearing a fixed rate of interest… Read More
Answers A balance sheet is a A balance sheet is a A. form of trading account B. proof of arithmetical accuracy of postings C.… Read More
Answers Yinka bought goods worth N800.00 and sold at a margin of 20% on selling price…. Yinka bought goods worth N800.00 and sold at a margin of 20% on selling price. How much did… Read More
Answers Which of the following entries is made damaged goods are returned to the supplier? Which of the following entries is made damaged goods are returned to the supplier? A. supplier’s account is… Read More