The excess of current assets over current liabilities is
Authourized share capital
Working capital work
Loan capital
Called-up capital
Correct answer is B
No explanation has been provided for this answer.
Shares sold at the nominal value are issued at
A discount
A premium
A loss
Par
Correct answer is D
No explanation has been provided for this answer.
Sale of goods for N600 to Ade was not posted, This is an error of
Omission
Commission
Principle
Compensation
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a capital expenditure?
Salaries and wages
Stationery
Repairs of motor vehicle
Purchase of furniture
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not an intangible asset?
Lincence
Patents
Trademarks
Fixtures
Correct answer is D
No explanation has been provided for this answer.