JAMB Accounting Past Questions & Answers - Page 272

An advantage of using accounting ratios is that they

The document setting out the regulations regarding shares, meetings and internal organization of a company is known as

A limited liability company has an authorized share capital of N50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been fully subscribed and issued.

What is the issued capital?

A limited liability company has an authorized share capital of N50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been fully subscribed and issued. 

What is the nominal value of each share?

When shares issued are paid for, accounting entry required is