To account for expenses paid by head office on behalf of the branch, the branch should
Debit head office account and credit cash
Debit profit and loss account and credit head office account
Credit cash and debit profit and loss account
Credit profit and loss account and debit head office account
Correct answer is B
No explanation has been provided for this answer.
Creditors
Debtors
Stock
Suspense
Correct answer is C
No explanation has been provided for this answer.
N37,500
N62,500
N87,500
N100,000
Correct answer is D
X portion = 2 + 1 = 3
23 x 150,000 = 100,000
The law that currently regulates the registration of companies in Nigeria is the?
Constitution of the Federal Republic of Nigeria, 1999
Nigeria Enterprises Promotion Decree, 1972
Companies and Allied Matters Decree, 1990
Companies Decree, 1968
Correct answer is C
No explanation has been provided for this answer.
The main difference between the ordinary and preference shareholders is that?
The former receive dividends while the latter do not
The latter are not members of the company while the former are
In the case of winding up, the former are paid first before the latter
The former have voting rights while the latter do not
Correct answer is D
No explanation has been provided for this answer.