Accounting

The art of collecting, recording, presenting and interpreting accounting data is?

A. cost accounting B. management accounting C. financial accounting D. data processing Correct Answer: Option C C. financial accounting

6 years ago

Which of the following is a source of revenue to a local government authority?

A. poll tax B. excise duty C. paye tax D. value-added tax Correct Answer: Option A A. poll tax

6 years ago

Which of the following attracts a fixed rate of dividend?

A. ordinary shares B. founder's shares C. preference shares D. deferred shares Correct Answer: Option C C. preference shares

6 years ago

An example of capital gain is?

A. premium B. bonus C. shares D. debenture Correct Answer: Option A A. premium

6 years ago

Holder of ordinary shares do not have the right to?

A. participate in additional issue of shares B. vote at annual general meetings C. elect the board of directors D.…

6 years ago

The double entry in the books to write off goodwill is?

A. debit Goodwill account, credit capital account B. debit Goodwill account, credit revaluation account C. debit profit and loss appropriation…

6 years ago

The maximum amount which a company is allowed to raise through the sale of shares is?

A. authorized capital B. paid-up capital C. issued capital D. working capital Correct Answer: Option A A. authorized capital

6 years ago

The value of goodwill calculated at 3 years purchase of annual profit is?

Use the following information to answer the given question year profit 2003 Le40,000 2004 Le48,000 2005 Le62,000 A. Le 450,000…

6 years ago

The correct sequence in data processing is?

A. input → process → output B. input → output → process C. process → input → output D. process…

6 years ago

Which of the following is not a data processing method?

A. manual B. mechanical C. electronic D. formatting Correct Answer: Option B B. mechanical

6 years ago