by Sunday | Oct 3 | NABTEB QUESTIONS
Income and expenditure account is aimed at determining the surplus of income over expenditure or deficit or expenditure over income of a non-profit making organisation.
by Sunday | Oct 3 | NABTEB QUESTIONS
i. Capital ii. Net profit iii. Net loss iv. Drawing v. Creditors vi. Debtors vii. Cash at hand viii. Cash at bank ix. Motor vehicle x. Stock xi. Furniture & fittings xii....
by Sunday | Oct 3 | NABTEB QUESTIONS
i. Memorandum of association is a document forming the constitution of a company and defining its objective and power with regards to its dealing with the outside word. It is a document containing the rules sand regulation which govern the external relationship of a...
by Sunday | Oct 3 | NABTEB QUESTIONS
i. Plant and machinery ii. Motor lorries iii. Rent and rates iv. Insurances v. Speed post delivery vi. Glo calls vii. Debtors viii. Creditors ix. Leased hold premises x. M. bala and company limited. Personal A/C Real A/C Normal A/C M. bala company Ltd Plant &...
by Sunday | Oct 3 | NABTEB QUESTIONS
Items in the memorandum of association of public company: i. Name of the company ii. Registered office of the company iii. The objectives of the company iv. The amount of authorized capital v. A statement to the effect that the liability of the company is limited vi....
by Sunday | Oct 3 | NABTEB QUESTIONS
Authorized capital: is the highest amount of capital stated in the memorandum of association and approved by the registrar of the company considered as enough to run a company. It is also known as a registered or nominal capital. While Issued capital is part of the...