The details of the share capital which a company is authorized to issue is contained in the
Articles of Association
Companies and Allied Matters Act
Memorandum of Association
Share capital certificate
Correct answer is C
No explanation has been provided for this answer.
Payment for shares in excess of amount offered gives rise to
Subscription in advance
Revenue reserves
Capital reserves
Calls-in-advance
Correct answer is C
No explanation has been provided for this answer.
The expenses incurred in purchasing a vehicle is a
Revenue expenditure
Capital expenditure
Recurrent expenditure
Concurrent expenditure
Correct answer is B
No explanation has been provided for this answer.
Realization account
Savings account
Share capital account
Capital account
Correct answer is A
No explanation has been provided for this answer.
The profit of a branch is usually credited to the
Adjustment account
Head office sales
Head office goods account
Head office current account
Correct answer is C
No explanation has been provided for this answer.