Accounts - Principles of Accounts Questions
Question 2201:
The maximum amount which a company is allowed to raise through the sale of shares is
- A Authorized capital
- B Paid-up capital
- C Issued capital
- D Working capital
Question 2202:
The double entry in the books to write off goodwill is
- A Debit Goodwill account, credit capital account
- B Debit Goodwill account, credit revaluation account
- C Debit profit and loss appropriation account, credit Goodwill account
- D Debit Trading account, credit Goodwill account
Question 2203:
Holder of ordinary shares do not have the right to
- A Participate in additional issue of shares
- B Vote at annual general meetings
- C Elect the board of directors
- D Receive dividends at a predetermined rate
Question 2204:
Which of the following is not a real account?
- A Building account
- B Motor vehicle account
- C Patents account
- D Furniture account