Which of the following documents set out the internal regulations of a partnership?
Law
Deed
Regulation
Code
Correct answer is B
No explanation has been provided for this answer.
Which of the following brings a company into legal existence?
Certificate of incorporation
Memorandum of association
Articles of association
Company law
Correct answer is A
No explanation has been provided for this answer.
Which of the following is the basis for apportioning rent among departments?
Sales
Floor area
Number of employees
Direct labour cost
Correct answer is B
No explanation has been provided for this answer.
The transfer of goods between departments is recorded be debiting
the receiveing department and crediting the giving department
the giving department and crediting the receiving department
stock account and crediting trading account
trading account and crediting purchases account
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
Dividend per ordinary share is
N1.00
N0.50
N0.45
N0.40
Correct answer is B
No explanation has been provided for this answer.
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