Accounts - Principles of Accounts Past Questions and Answers

A dividend of 10% in a company on 500 000 ordinary shares of N 1 nominal value has been declared, How much will a shareholder receive if he has 200 shares?

A N 500 000
B N 50 000
C N200
D N 20

Question 127:

What is the working capital?

A N12 000
B N 11 000
C N 8 000
D N4 000

Question 128:

The acid test ratio in the company is

A 1:1
B 1:2
C 2:3
D 3:2

Question 129:

If goods are invoiced to the branch at cost and the invoice par value is N 2 000 with 5%discount rate, can remitted to the head office is

A N2 100
B N 200
C N 1 900
D N 100

Question 130:

Which of the following are advantages of departmental accounts?<br/>I. The department making the highest profit can be easily determined<br/>II. The capital of the business can be calculated easily<br/>III. Easy knowledge of the sources of funding <br/>IV. Encouragement of healthy rivalry among the various departments

A I and IV only
B II and III only
C II and IV only
D III and IV only