N45,000
N30,000
N7,500
N5,000
Correct answer is B
No explanation has been provided for this answer.
Shares are never offered at a discount; the offer is invalid
The value of shares in the capital account will be lowered by 2%
The company incurs a loss to the tune of 2% of the offer
Each of the subscribers loses 2% of investment
Correct answer is C
No explanation has been provided for this answer.
Debit bank, credit custmer and credit control account
Credit bank, debit customer, and credit control account
Debit customer, debit control account and credit bank
Credit control account, debit bank and debit customer
Correct answer is B
No explanation has been provided for this answer.
One of the advantage of the shortcomings of single entry procedures is that
A trial balance is not available
Profits are overestimated
There are no subsidiary books
There are no control accounts
Correct answer is A
No explanation has been provided for this answer.
A fixed cost is fixed only in relation to
The quality of goods produced
The quantity of goods sold
A given period of time and a range of activities
A given period of time and the nature of activity
Correct answer is D
No explanation has been provided for this answer.