A. Defalcations account B. Branch stock account C. Branch adjustment account D. Branch debtors account Correct Answer: Option A A.…
A. Wages and Salaries B. Rent and Rates C. Canteen Expenses D. Discount allowed Correct Answer: Option B B. Rent…
A. A promoter B. A subscriber C. An allottee D. An underwriter Correct Answer: Option B B. A subscriber Explanation…
A. Prospectus B. Article of association C. Memorandum of association D. Certificate of incorporation Correct Answer: Option B B. Article…
Use the following information to answer the question below Mr. White acquired Mr. Black's business for GH¢ 410,000. The total…
Use the following information to answer the question below Mr. White acquired Mr. Black's business for GH¢ 410,000. The total…
A. Profit and Loss B. Trading C. Income surplus D. Profit and Loss appropriation Correct Answer: Option D D. Profit…
A. Profit-sharing ratio B. Interest on capital C. Interest on fixed asset D. Purpose of partnership Correct Answer: Option D…
A. The business makes a huge profit B. The business has good customer relationship C. A partner is dormant D.…
A. Business entity B. Going concern C. Consistency D. Duality Correct Answer: Option A A. Business entity Explanation The business…