NABTEB

List any FIVE items that can be found in the memorandum of association of a public company. – NABTEB QUESTION

Items in the memorandum of association of public company: i. Name of the company ii. Registered office of the company…

4 years ago

Differentiate between authorized capital and issued capital. – NABTEB QUESTION

Authorized capital: is the highest amount of capital stated in the memorandum of association and approved by the registrar of…

4 years ago

State FIVE features that are supposed to be contained by an invoice. – NABTEB QUESTION

Feature of an Invoice. i. Name and address of the company. ii. The date. iii. The total price in word…

4 years ago

State FIVE clauses contained in the memorandum of association of company. – NABTEB QUESTION

The clauses contained in the memorandum of association in a company are as follows: 1. The name of the company…

4 years ago

Differentiate between bank statement and bank reconciliation statement. – NABTEB QUESTION

Bank Statement: It is periodic statement of account which a commercial bank gives to its customers either monthly or quarterly…

4 years ago

Write briefly on these account terms: a) Authorized capital. b) Issued capital. c) Working capital. – NABTEB QUESTION

Authorized Capital:- This is the amount which a public company is allowed to raise from the public for its business…

4 years ago

Differentiate between Receipts and Payments Accounts. – NABTEB QUESTION

Receipts Accounts: Are those items which a business received on cash basis rather than on credit basis. They include subscriptions,…

4 years ago

Give FOUR steps to be followed if a trial balance failed to balance. – NABTEB QUESTION

Steps to be followed if a trial balance failed to balance are: i. Check whether both the debit and credit…

4 years ago

State FIVE steps of converting incomplete record and single entry accounts to double entry accounts. – NABTEB QUESTION

Five steps for converting incomplete records and single entry accounts to double entry system are: i. Preparation of total debtors…

4 years ago

Mention THREE features of a receipt. – NABTEB QUESTION

Features of a receipt are: i. The name of the Company ii. The date iii. The serial number iv. The…

4 years ago