Call in advance
Call in arrears
Forfeiture
Shares
Correct answer is B
is the amount called by the company which is not paid by the shareholders before the due date fixed for payment
Accountant general
Finance minister
Auditor general
Permanent secretary
Correct answer is C
Appropriation is the amount that government reserves for a particular purpose. Public expenditure is the spending made by government of a country on collective needs
Price above or below the stipulated price
Any price but not below the transfer price
Cost price
A price that is equal to the mark up
Correct answer is A
Cost plus mark up is a pricing strategy in which the selling price is determined by adding a specific amount mark up to a product unit cost
Advertising expenses incurred on a product in a business organization should be charged to
Sales department
Production department
Purchase department
Administration department
Correct answer is A
Advertising expenses are expenses incurred in order to enhance the sales of the company’s product/services
What is the amount of capital employed?
₦7,000
₦10,000
₦22,000
₦15,000
Correct answer is D
Capital Employed is the difference between the total assets and current liabilities of the company
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