A. conversion B. dissolution C. merger D. absorption Correct Answer: Option C - merger Explanation A merger is an agreement…
A. accepted B. discounted C. surrendered D. cashed Correct Answer: Option B - discounted Explanation A bill discounting involves effectively…
A. credit as a factor in business B. payments for goods in cash C. increased financial activities D. government intervention…
A cash book had a opening balance of N15,200, closing balance of N18,400 and total cash received during the period…
subscription received during the year N30,000. Subscription owed last year N4,000. subscription received for next year N6,000. A. N20,000…
subscription received during the year N30,000. Subscription owed last year N4,000. subscription received for next year N6,000. A. capital…
A club received a rent of N10,000 and a donation of N30,000. it paid N6,000 for entertainment and is still…
A. the former have voting rights while the latter does not B. in the case of winding up, the former…
A. double entry B. single entry C. complete records D. statement of affairs Correct Answer: Option B - single entry…
A. indirect expense B. direct expense C. indirect material D. direct material Correct Answer: Option B - direct expense Explanation…