q13

When expenses are paid on behalf of the venture, the accounting entries is to debit A bank account and credit joint venture account B expenses account and credit bank account C joint venture account and credit expenses account D joint …

A part of public company’s profits belonging to the shareholders is A public issue B bonus C right issue D dividends Answer is D Dividend is known as the kind of benefit enjoyed by the shareholder for investing their fund …

An evidence of payment issued to a government ministry by a revenue collector is A treasury receipt B receipt voucher C payment voucher D treasury card Answer is B