Use the following information to answer the given question The value of goodwill calculated at 3 years purchase of annual profit is A Le 450,000 B Le 150,000 C Le 50,000 D Le 48,000 Answer is C
Which of the following attracts a fixed rate of dividend? A ordinary shares B founder’s shares C preference shares D defferred shares Answer is C
An example of capital gain s A premium B bonus C shares D debenture Answer is A
Which of the following is not a real account? A building account B motor vehicle account C patents account D furniture account Answer is C
Holder of ordinary shares do not have the right to A participate in additional issue of shares B vote at annual general meetings C elect the board of directors D receive dividends at a predetermined rate Answer is D
The double entry in the books to write off goodwill is A debit Goodwill account, credit capital account B debit Goodwill account, credit revaluation account C debit profit and loss appropriation account, credit Goodwill account D debit Trading account, credit …
The maximum amount which a company is allowed to raise through the sale of shares is A authorized capital B paid-up capital C issued capital D working capital Answer is A
The correct sequence in data processing is A input →→ process →→ output B input →→ output →→ process C process →→ input →→ output D process →→ output →→ input Answer is A
Which of the following is not a data processing method? A manual B mechanical C electronic D formatting Answer is B
In the absence of partnership agreement, a loan by a partner attracts interest at A 20% B 15% C 10% D 5% Answer is D
Use the following to answer the given question, Quick ratio is A 4 : 1 B 3 : 1 C 2 : 1 D 1 : 1 Answer is D
Use the following to answer the given question, Current ratio is A 4 : 1 B 3 : 1 C 2 : 1 D 1 : 1 Answer is D