The amount for which a business is sold is that
Goodwill
Considerated fund
Purchase
Considerations
Capital reserve
Correct answer is D
Consideration is a payment made by one party to another in exchange for the transfer of something of value. It must be of value to both parties entering into a transaction.
Le 12,400
Le 6,000
Le 2,400
Le 2,000
Correct answer is C
The wages owed as at 30/6/08, wages of Le 2,400
The collection and organization of data is
Accounting process
Central processing
Data processing
Data manipulation
Correct answer is C
Data processing is the carrying out of operations on data, especially by a computer, to retrieve, transform, or classify information.
Le 2,400
Le 8,400
Le 8,000
Le 7,600
Correct answer is B
No explanation has been provided for this answer.
Which of the following does not form part of shareholders fund?
Ordinary shares
Shares premium
Profit
Debenture
Correct answer is D
Debentures are a long-term security yielding a fixed rate of interest, issued by a company and secured against assets. It is a debt security issued by a company by a company to raise money. The holders are paid the amount lended with interest. They are not a source of equity financing.