A. permanent records for all transactions B. analysis of accounts to trade debtors C. audited reports on the accounts of…
A. Articles of Association B. Companies and Allied Matters Act C. Memorandum of Association D. Share capital certificate Correct Answer:…
A. subscription in advance B. revenue reserves C. capital reserves D. calls-in-advance Correct Answer: Option C - capital reserves
A. revenue expenditure B. capital expenditure C. recurrent expenditure D. concurrent expenditure Correct Answer: Option B - capital expenditure
A. realization account B. savings account C. share capital account D. capital account Correct Answer: Option A - realization account
A. adjustment account B. head office sales C. head office goods account D. head office current account Correct Answer: Option…
A. an amount should be fixed as salary for partners B. interest on partners loan should be 25% C. interest…
Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch A. #150,000 B. #160,000 C.…
Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch A. #600,000 B. #620,000 C.…
A. #130,000 B. #125,000 C. #80,000 D. #75,000 Correct Answer: Option D - #75,000