Which of the reasons below do companies consider in establishing branches?
(i) Meet growth and diversification need. (ii) Reach out to particular customers or markets (iii) Comply with some regulatory directives (iv) Increase employees’ income. A. i and ii B. i, ii and iii C. ii, iii and iv D. iii and iv Correct Answer: Option A...
The body constitutionally charged with the responsibility of examining the audited accounts of the Federation and other reports as referred by the National Assembly is the?
A. Public Accounts Committee B. Public Audit Committee C. Internal Audit Committee D. External Audit Committee Correct Answer: Option A – Public Accounts Committee
The most appropriate basis for apportioning inventory holding cost among departments is to use the value of?
A. purchases B. opening stock C. closing stock D. average stock Correct Answer: Option B – opening stock
The subscription transferable to the income and expenditure account is?
Yola Social Club Statement of Account 1998 financial year 31/12/98: Subscription in arrears N21,000 Subscription in advance N12,000 Receipt during 1999: Arrears 1998 N21,000 Dues 1999 N48,000 Advance 2000 N11,000 A. N48,000 B. N59,000 C. N60,000 D. N69,000 Correct...Products
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