Issue of prospectus is an invitation to members of the public to
Subscribe for shares
Register a company
Redeem shares
Liquidate a company
Correct answer is A
No explanation has been provided for this answer.
An agreement made by partners to regulate and govern their business activities is known as
Partnership Act
Partnership Deed
Partnership code
Memorandum
Correct answer is B
No explanation has been provided for this answer.
Profits are recognised when goods are sold. What concept is this?
Realization
Matching
Periodicity
Going concern
Correct answer is A
No explanation has been provided for this answer.
"The Accountant thinks the investment in the books are worthless". This is
Consistency concept
Objectivity concept
Conservatism concept
Money measurement concept
Correct answer is D
No explanation has been provided for this answer.
N4,000 profit
N2,000 profit
N2,000 loss
N4,000 loss
Correct answer is C
No explanation has been provided for this answer.