WAEC Past Questions and Answers - Page 1042

5,206.

The total share capital which a company would be allowed to issue is known as

A.

Issued share capital

B.

Authorised share capital

C.

Working capital

D.

Fixed capital

Correct answer is B

No explanation has been provided for this answer.

5,209.

The authority of the Accountant General to disburse from government fund is called

A.

Estimate

B.

Warrant

C.

Provision

D.

Vote

Correct answer is B

No explanation has been provided for this answer.

5,210.

Purchases of goods from Obi had been entered in Obike's Account. This is an error of

A.

Omission

B.

Compensation

C.

Commission

D.

Original entry

Correct answer is C

No explanation has been provided for this answer.