#800,000 worth of ordinary shares of 50k were issued at #1 each, payable in full…
#800,000 worth of ordinary shares of 50k were issued at #1 each, payable in full on application. The…
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The details of the share capital which a company is authorized to issue is contained…
The details of the share capital which a company is authorized to issue is contained in the A.…
Payment for shares in excess of amount offered gives rise to
Payment for shares in excess of amount offered gives rise to A. subscription in advance B. revenue reserves…
The expenses incurred in purchasing a vehicle is a
The expenses incurred in purchasing a vehicle is a A. revenue expenditure B. capital expenditure C. recurrent expenditure…
Where partnership is converted into a limited liability company, current account balances of partners are…
Where partnership is converted into a limited liability company, current account balances of partners are transferred to a…
The profit of a branch is usually credited to the
The profit of a branch is usually credited to the A. adjustment account B. head office sales C.…
In the absence of a partnership deed, the act stipulates that
In the absence of a partnership deed, the act stipulates that A. an amount should be fixed as…
If goods are sent to to branch at 25% on cost, what will be the…
If goods are sent to to branch at 25% on cost, what will be the cost of goods…
In a departmental account, the expenses to be apportioned on the basis of turnover is
In a departmental account, the expenses to be apportioned on the basis of turnover is A. carriage inwards…
In a departmental account, where no basis of apportionment exist, apportionment is
In a departmental account, where no basis of apportionment exist, apportionment is A. on profit basis B. according…