When allotment of shares is made applicants for shares of...
When allotment of shares is made applicants for shares of a company become
Promoters
Creditors
Debtors
Shareholders
Correct answer is B
No explanation has been provided for this answer.
The records of Superstores shows a loan of #14,000 from Bala,creditor #8,000 and assets #190,500. Wh...
The partners capital are: Modibbo #60,000 and Jakata #90,000. The partners share profit and losses...
The amount paid by the new partner on admission as a compensation for the reputation built up by old...
If a company values its stock in the period of rising prices using LIFO method, there is a tendency ...
The purchase of a typewriter for office use was debited to purchases Account. This is an error of ...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
Item in the bank statement of a business but not in the Cash Book before preparation of bank reconci...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
Which of the following is not an accounting convention? ...
A company has departments X, Y and Z. Department X occupies a space of Y while Z occupies half the s...
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