Mark-up on goods sent to branch offices are recorded in the books by creating
Stock adjustment account debiting branch stock account
Goods sent to branch account and debiting branch stock account
Branch stock account and debiting stock adjustment account
Cash account and crediting branch stock account
Branch stock account and crediting defalcations account
Correct answer is A
No explanation has been provided for this answer.
A share is under-subscribed when
It is offered for sale at less than the nominal value
It is offered for sale at nominal value
The number of shares applied for is less than the offer
It is offered for sale at more thn norminal value
The number of shares applied for is more than the offer
Correct answer is C
No explanation has been provided for this answer.
Shares are sold at less than nominal value. They are issued at a
Profit
Loss
Discount
Premium
Par
Correct answer is C
No explanation has been provided for this answer.
General reserve
Capital reserve
Goodwill
Current asset
Share capital
Correct answer is B
No explanation has been provided for this answer.
Payment for future services are
Prepayment
Deposit
Accruals
Investment
Advances
Correct answer is E
No explanation has been provided for this answer.