i. restricts the right to transfer its share. ii. has a minimum of seven members. iii. limits membership to fifty.…
A. 2 and 8 B. 2 and 10 C. 2 and 50 D. 2 and any number E. 2 and…
i. expenditure on telephone ii. motor vehicles iii. expenses on telegram iv. land and buildings A. i and iii B.…
A. ledger B. principal journal C. cash book D. purchases day book E. sales day book Correct Answer: Option D…
A. bank charges B. standing order C. dishonoured cheque D. cash payment E. unpresented cheques Correct Answer: Option D -…
A. asses to the capita,l B. added to the accumulated fund C. deducted from the capital D. deduced from the…
A. revenue expenditure B. appropriation C. deferred expenditure D. provision E. capital expenditure Correct Answer: Option A - revenue expenditure
A. current liability B. current asset C. fixed asset D. fictitious asset E. intangible asset Correct Answer: Option A -…
A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. The…
A trader paid insurance premium of N1,350 for 15 months ended 31st March 1991. He prepares to 31st December. How…