The basis of apportionment of insurance on building in departmental accounts is.........
Floor space occupied by the department
Purchase cost of the building
Value of the building
Number of offices in the building
Correct answer is A
No explanation has been provided for this answer.
Interim dividend paid in the year is..........
Debited to the profit and loss account
Debited to the income surplus account
Credited to the profit and loss account
Credited to the income surplus account
Correct answer is A
No explanation has been provided for this answer.
The process of distributing shares to successful applicants is.........
Allocation
Apportionment
Allotment
Application
Correct answer is C
An allotment of shares is when a company distributes newly bought shares to applicants.
Cash account, credit partners capital account
Asset account; credit cash account
Cash account; credit realization account
Realization account; credit cash account
Correct answer is C
No explanation has been provided for this answer.
8,960
7,404
4,936
3,296
Correct answer is C
No explanation has been provided for this answer.