Post Utme Accounts - Principles of Accounts Questions
Question 81:
Holders 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 dividend at a predetermined rate
Question 82:
In company accounts, profit after tax isshared in the ____ account.
- A Appropriation
- B Revaluation
- C Current
- D Profit realization
Question 83:
The amount set aside out of profits<br/>earned by a company which is not meant forliability or contingency are ____
- A Dividends
- B Provisions
- C Retained profits
- D Reserves
Question 84:
Which of the following attracts a fixedrate of dividend?
- A Ordinary shares
- B Founders’ shares
- C Preference shares
- D Deferred shares
Question 85:
Which of the following ratios gives anidea of the liquidity of a firm?
- A Turnover ratio
- B Quick ratio
- C Debt ratio
- D Dividend yield.