Which of the following information is contained in the Articles of Association of a limited liability company?
- A. Rights and obligations of directors
- B. Objectives of the company
- C. Amount of share capital
- D. Limitation of liability of shareholders.
Which of the following information is contained in the Articles of Association of a limited liability company?
- A. Rights and obligations of directors
- B. Objectives of the company
- C. Amount of share capital
- D. Limitation of liability of shareholders.
If a partnership deed is silent on how profits are to be shared, partners share profits
- A. in the ratio of the value of business secured by each partner for the partnership
- B. in the ratio of partner capital contributions
- C. in an equal proportion irrespective of partners's capital contributons
- D. according to duties performed by each partner
Construction activities include the building of houses and roads as well as
- A. brick laying
- B. shoe making
- C. black smithing
- D. car assembling
In which of the following sets of occupations can an industrial worker be found?
- A. extraction commerce and construction
- B. manufacturing extraction and banking
- C. construction, quarrying and insurance
- D. manufacturing , extraction and construction
In which of the following sets of occupations can an industrial worker be found?
- A. extraction commerce and construction
- B. manufacturing extraction and banking
- C. construction, quarrying and insurance
- D. manufacturing , extraction and construction
The development of commercial activities in Nigeria was facilitated largely by
- A. a good transport system
- B. the indigenization decree
- C. a convenient medium of exchange
- D. a high level of production
The development of commercial activities in Nigeria was facilitated largely by
- A. a good transport system
- B. the indigenization decree
- C. a convenient medium of exchange
- D. a high level of production
What are fixtures and fittings in a balance sheet?
- A. liquid capital
- B. current assets
- C. fixed assets
- D. working capital
What are fixtures and fittings in a balance sheet?
- A. liquid capital
- B. current assets
- C. fixed assets
- D. working capital
A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
- A. N24.65 million
- B. N17.00million
- C. N9. 35 million
- D. N7.65million
A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
- A. N24.65 million
- B. N17.00million
- C. N9. 35 million
- D. N7.65million
What is the working capital as at December 31,1992?
- A. N 65 250
- B. N60 000
- C. N 48 650
- D. N 41 950
What is the working capital as at December 31,1992?
- A. N 65 250
- B. N60 000
- C. N 48 650
- D. N 41 950
\(\begin{array}{c|c}
\text{Name} & \text{Insure amount} & \text{Actual value} & \text{Actual loss} \\
\hline
\text{Mr A} & 30,000 & 100,000 & 40,000 \\
\hline
\text{Mr B} & 40,000 & 120,000 & 50,000 \\
\hline
\text{Mr C} & 50,000 & 15,000 & 70,000 \\
\end{array}\)
If Mr A takes a fire insurance policy with average clause, his compensation will be
- A. N15,000
- B. N20,000
- C. N12,000
- D. N25, 000
\(\begin{array}{c|c}
\text{Name} & \text{Insure amount} & \text{Actual value} & \text{Actual loss} \\
\hline
\text{Mr A} & 30,000 & 100,000 & 40,000 \\
\hline
\text{Mr B} & 40,000 & 120,000 & 50,000 \\
\hline
\text{Mr C} & 50,000 & 15,000 & 70,000 \\
\end{array}\)
If Mr A takes a fire insurance policy with average clause, his compensation will be
- A. N15,000
- B. N20,000
- C. N12,000
- D. N25, 000
\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000}\\
\hline
\text{Net profit 4000} & \text{Motor Van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtors 1000} \\
\hline
\text{Accurals 300} & \text{Banks 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)
What is the current ratio?
- A. 1 : 4
- B. 5 : 1
- C. 3 : 1
- D. 2 : 1
\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000}\\
\hline
\text{Net profit 4000} & \text{Motor Van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtors 1000} \\
\hline
\text{Accurals 300} & \text{Banks 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)
What is the current ratio?
- A. 1 : 4
- B. 5 : 1
- C. 3 : 1
- D. 2 : 1
Given
\(\begin{array}{c|c}
\text{Opening stock} & 50,000 \\
\hline
\text{Purchases} & 200,000 \\
\hline
\text{Sales} & 350,000 \\
\hline
\text{Closing stock} & 80,000 \\
\end{array}\)
What is the cost of good sold?
- A. N200,000
- B. N190,000
- C. N170,000
- D. N175,000
Given
\(\begin{array}{c|c}
\text{Opening stock} & 50,000 \\
\hline
\text{Purchases} & 200,000 \\
\hline
\text{Sales} & 350,000 \\
\hline
\text{Closing stock} & 80,000 \\
\end{array}\)
What is the cost of good sold?
- A. N200,000
- B. N190,000
- C. N170,000
- D. N175,000
\(\begin{array}{c|c}
\text{Opening stock} & 1800 \\
\hline
\text{Purchases} & 2800 \\
\hline
\text{Sales} & 800 \\
\hline
\text{Closing stock} & 800 \\
\hline
\text{Carriage on sale} & 500 \\
\end{array}\)
Calculate the value of the unused stock
- A. N320
- B. N350
- C. N500
- D. N800