WAEC Past Questions and Answers - Page 484

2,416.

The authorised capital of a company is also referred to as it's?

A.

called-up capital

B.

issued capital

C.

subscribed capital

D.

nominal capital

E.

unissued capital

Correct answer is D

No explanation has been provided for this answer.

2,417.

The main source of income for a limited liability company is?

A.

bank overdraft

B.

government subsidy

C.

undistributed profit

D.

bank loan

E.

share subscrptions

Correct answer is E

No explanation has been provided for this answer.

2,418.

In the story of the good Samaritan, the priest and the Levit ignored the injured traveller because they

A.

Were not trained nurses

B.

Were late for work in the temple

C.

Held their ceremonial laws in esteem

D.

Did not notice the injured man

E.

Had no money in their bags

Correct answer is C

No explanation has been provided for this answer.

2,419.

To inform the buyer that the goods are in transit,the seller sends him?

A.

a quotation

B.

an invoice

C.

a debit note

D.

an advice note

E.

a credit note

Correct answer is D

No explanation has been provided for this answer.

2,420.

the reward of capital is?

A.

dividend

B.

interest

C.

profit

D.

rent

E.

rebate

Correct answer is B

No explanation has been provided for this answer.