If a 10% dividend is approved, what is the dividend payable to ordinary shareholders?
N13,000
N11,300
N10,000
N8,000
Correct answer is D
No explanation has been provided for this answer.
N133,000
N120,000
N113,000
N100,000
Correct answer is A
No explanation has been provided for this answer.
Periodicity
Business entity
Dual aspect
Going concern
Correct answer is D
This concept is the only one among the listed that assumes that the business will continue to operate for an indefinitely long period of time.
Which of the following is not a feature of accounting information?
Timeliness
Accuracy
Completeness
Affordability
Correct answer is D
Accounting information and report must be accurate, complete and timely. Money spent to obtain an information is not as important as how useful are those information in taking decisions.
Capital reserves includes the following except
Revaluation surplus
Pre-incoporation profit
Share premium
General reserves
Correct answer is D
General reserves is not a form of capital reserves. It is considered as revenue reserves
JAMB Subjects
Aptitude Tests