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Accounts - Principles of Accounts Past Questions

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1066
The document prepared for the disbursement of government fund is
  • A. an invoice
  • B. a receipt
  • C. a payment voucher
  • D. a bill
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1067

A financial plan of action expressed in monetary terms is a/an

  • A. warrant
  • B. budget
  • C. imprest
  • D. consilidated fund
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1068

Which of the following reserves is not used for bonus shares?

  • A. revolutional reserve
  • B. share premium
  • C. capital redemption reserve fund?
  • D. general reserve
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1069

When shares are sold 'at par' it means they are issued at

  • A. the market value
  • B. the nominal value
  • C. a discount
  • D. a premium
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1070

Which of the following does not form part of shareholders fund?

  • A. ordinary shares
  • B. shares premium
  • C. profit
  • D. debenture
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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