Departmental accounts re maintained to ascertain the
Profits of the entire organization
Contribution of each department
Expenses of each department
Sales of each department
Correct answer is B
No explanation has been provided for this answer.
The measure of a company's ability to pays its debts quickly is called
Current ratio
Turnover ratio
Acid test ratio
Return of investment
Correct answer is C
No explanation has been provided for this answer.
N1,000
N1,200
N4,800
N6,000
Correct answer is A
No explanation has been provided for this answer.
Which of the following ratios gives an idea of the liquidity of a firm?
Turnover ratio
Quick ratio
Debit ratio
Dividend yield
Correct answer is B
No explanation has been provided for this answer.
The conversion of a partners business into a limited liability company affords the
General partners the chance of enjoying the limited laibility protection
Limited liability partners the chance of enjoying the limited liability protection
Creditors the chance of enjoying the limited liabiity protection
Debtors the chance of enjoying the limited liability protection
Correct answer is B
No explanation has been provided for this answer.