Accounting

The accounting concept that supports the application of double-entry book-keeping is the?

A. going concern concept B. dual aspect concept C. historical cost concept D. consistency concept Correct Answer: Option B B.…

6 years ago

Which of the following documents set out the internal regulations of a partnership?

A. law B. deed C. regulation D. code Correct Answer: Option B B. deed

6 years ago

Which of the following brings a company into legal existence?

A. certificate of incorporation B. memorandum of association C. articles of association D. company law Correct Answer: Option A A.…

6 years ago

Which of the following is the basis for apportioning rent among departments?

A. sales B. floor area C. number of employees D. direct labour cost Correct Answer: Option B B. floor area

6 years ago

Dividend per ordinary share is?

Use the following information to answer the given question. Net profit for the year N75.000 Ordinary share capital of 50…

6 years ago

Preference dividend for the year is?

Use the following information to answer the given question. Net profit for the year N75.000 Ordinary share capital of 50…

6 years ago

The amount available as dividend to ordinary shareholders is?

Use the following information to answer the given question. Net profit for the year N75.000 Ordinary share capital of 50…

6 years ago

Patient and trade marks are classified under?

A. intangible assets B. current assets C. fixed assets D. wasting assets Correct Answer: Option A A. intangible assets

6 years ago

The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is?

A. apportionment B. virement C. appropriation D. allocation Correct Answer: Option B B. virement

6 years ago

Which of the following is the responsibility of a local government?

A. constructing market stalls B. raising income tax revenue C. developing highways and tolling them D. developing major ports for…

6 years ago