Post Utme Accounts - Principles of Accounts Questions
Question 186:
Which of the following attracts a fixed rate of dividend?
- A Founders shares
- B Ordinary shares
- C Deferred shares
- D Preference shares
Question 187:
Given: Capital at the beginning #20,000, Drawings #3,000, Capital at end #30,000, New capital introduced #8,000. What is the profit for the period?
- A #6,000
- B #8,000
- C #4,000
- D #5,000
Question 188:
The amount set aside out of profits earned by a company which is not meant for liability or contingency are
- A Reserves
- B Provisions
- C Dividends
- D Retained profits
Question 189:
Books of original entry are used for
- A Reminding the book keeper to post transactions in the ledger
- B Informing the bookkeeper about the state of affairs.
- C Recording business transactions
- D The adjustment of accounts
Question 190:
The most important reason for studying accounting is that
- A The study of accounting leads to a challenging career
- B The information provided by accounting is useful in making decisions
- C Accounting provides gross profit information.
- D Accounting plays an important role in a society