An ordinary share of N80 was issued at N96. The share was issued at?
Premium
Par
Discount
Loss
Correct answer is A
Share premium is the amount by which the amount received by a company for a stock issue exceeds its face value. when shares are sold at an amount higher than the face value it is sold at premium.
The financial plan of the government for a year is contained in the
Budget
Cash analysis book
Vote book
Gazette
Correct answer is A
Budget in this context refers to expenditures and revenue-collection decisions made in a given time frame at central or local levels of government. It contains the financial plan of the government for a given period of time.
N760,000
N744,800
N744,000
N784,000
Correct answer is A
5% x 800
5/100 x 800 = 40
800 - 40 = 760
The directors' salaries paid are items of?
Current liabilities
Profit and loss account
Trading account
Current account
Correct answer is B
No explanation has been provided for this answer.
13,000,000
12,000,000
9,000,000
15,700,000
Correct answer is C
6000 x 0.50 = 3000
6000 x 1 = 6000
3000 + 6000 = 9000