Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were…
Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were…
Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were…
A. Allotters B. Applicants C. Non-members D. Shareholders Correct Answer: Option B B. Applicants
A. Capital account B. Appropriation account C. Drawings account D. Profit and loss account Correct Answer: Option B B. Appropriation…
A. 5% B. 10% C. 12% D. 15% Correct Answer: Option A A. 5% Explanation: In the Absent of an…
A. Credited to partners capital accounts B. Credited to partners current accounts C. Debited to partners capital accounts D. Debited…
A. Realization concept B. Business entity concept C. Cost concept D. Dual aspect concept Correct Answer: Option B B. Business…
A. Receipts and payments account only B. Income and expenditure only C. Receipts and payments account and balance sheet D.…
A. Electricity B. Donations C. Stationery D. Bar suppliers Correct Answer: Option B B. Donations Explanation In the income and…