The budget statement presented to the legislature by the Chief Executive is called?
An appropriation act
A budget bill
An appropriation bill
A budget proposal
Correct answer is A
No explanation has been provided for this answer.
Consolidated Revenue Fund
Federation Account
Revenue Mobilization Allocation and Fiscal Commission's Account
Equalization Fund
Correct answer is A
No explanation has been provided for this answer.
Share premium is an example of?
Revenue reserve
Capital reserve
General reserve
Loan capital
Correct answer is B
No explanation has been provided for this answer.
The expenses incurred in promoting a company are?
Promoters' expenses
Floating expenses
Preliminary expenses
The board's expenses
Correct answer is C
No explanation has been provided for this answer.
Debentures can be redeemed out of?
Existing share capital reserve
Existing general reserve
Proceeds from new issue of shares
Withholding tax
Correct answer is B
No explanation has been provided for this answer.