A. Debited to the branch current account B. Debited to the head office current account C. Credited to the head…
A. Goodwill account and credit partners capital account B. Cash account and credit goodwill account C. Goodwill account and credit…
A. Call in advance B. call in arrears C. forfeiture D. shares Correct Answer: Option B - call in arrears…
A. Accountant general B. Finance minister C. Auditor general D. Permanent secretory. Correct Answer: Option C - Auditor general Explanation…
A. Price above or below the stipulated price B. Any price but not below the transfer price C. Cost price…
A. Sales department B. Production department C. Purchase department D. Administration department Correct Answer: Option A - Sales department Explanation…
A. ₦7000 B. ₦10000 C. ₦22000 D. ₦15000 Correct Answer: Option D = ₦15000 Explanation Capital Employed is the difference…
Use the following information to answer the given question: Issued capital.................100,000 Ordinary shares................40,000 Preference shares..............30,000 Reserves.......................10,000 Debentures.....................60,000 Current........................150,000 Fixed assets...................90,000…
Use the following information to answer the given question: Issued capital.................100,000 Ordinary shares................40,000 Preference shares..............30,000 Reserves.......................10,000 Debentures.....................60,000 Current........................150,000 Fixed assets...................90,000…
Use the following information to answer the given question: Issued capital.................100,000 Ordinary shares................40,000 Preference shares..............30,000 Reserves.......................10,000 Debentures.....................60,000 Current........................150,000 Fixed assets...................90,000…