by Sunday | Mar 19 | Accounting WAEC
Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were received for 200,000 shares and all those who applied, paid in full. A. N300,000 B. N250,000 C. N200,000 D. N150,000 Correct Answer:...
by Sunday | Mar 19 | Accounting WAEC
Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were received for 200,000 shares and all those who applied, paid in full. A. N300,000 B. N250,000 C. N200,000 D. N150,000 Correct Answer:...
by Sunday | Mar 19 | Accounting WAEC
Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were received for 200,000 shares and all those who applied, paid in full. A. N300,000 B. N250,000 C. N200,000 D. N150,000 Correct Answer:...
by Sunday | Mar 19 | Accounting WAEC
A. Allotters B. Applicants C. Non-members D. Shareholders Correct Answer: Option B B. Applicants
by Sunday | Mar 19 | Accounting WAEC
A. Capital account B. Appropriation account C. Drawings account D. Profit and loss account Correct Answer: Option B B. Appropriation account Explanation Interest on drawings is an income to the firm, and hence it is credited to the profit and loss appropriation...