When a shareholder fails to pay the calls requested from him, this situation leads to
Forfeiture of shares
Bonus shares
Over-subscription
Right issues
Correct answer is A
No explanation has been provided for this answer.
Which of the following is nit a petty cash book item? purchase of
Machinery
Stamps
Office pins
Milk
Correct answer is A
No explanation has been provided for this answer.
Into how many major types can general purpose computers be classified?
Six
Five
Four
Three
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a limitation of the money measurement concept?
efficient management is not disclosed
there is no basis for comparison
inter-period comparison is impossible
it does not allow choice of methods
Correct answer is C
No explanation has been provided for this answer.
The accounting concept that supports the application of double entry book-keeping is the
Going concern concept
Dual aspect concept
Historical cost concept
Consistency concept
Correct answer is B
No explanation has been provided for this answer.