JAMB Accounting Past Questions & Answers - Page 236

Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share. Applications were received for N1,550,000 shares fully paid, N1,250,000 shares are to be issued on a pro rata basis and excess subscriptions were dishonored and refunds made? 

What will be the number of shares to be issued to a subscriber who applied for N30,000 shares?

Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share.
Applications were received for N1,550,000 shares fully paid, N1,250,000 shares are to be issued on a pro rata basis and excess subscriptions were dishonored and refunds made?

The refund due to an application for N25,000 shares is

Didi Ltd offered 10,000 ordinary shares of N1.50 each at a discount of 2% which were fully subscribed. With regard to the offer above?

When a customer's cheque is returned unpaid in a debtor's control accounting system, the treatment will be

One of the advantage of the shortcomings of single entry procedures is that