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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1446
The capital sum which represents the difference between he asset and liabilities of a society or club is
  • A. working capital
  • B. accumulated fund
  • C. consilidated fund
  • D. reserved capital
View Answer & Discuss WAEC 2002
1447
The total of the purchases day book is posted to the purchases account in the
  • A. purchases ledger
  • B. general ledger
  • C. private ledger
  • D. nominal ledger
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1448
The document authorising an officer to incur expenditure is known as
  • A. virement
  • B. budget
  • C. warrant
  • D. vote
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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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1449
When shares are oversubscribed, the promoters may decide to scale down. When this is done, the shares are issued proportionately
  • A. on pro-rate
  • B. at discount
  • C. at par
  • D. at premium
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1450
The amount for which a business is sold is
  • A. purchase consideation
  • B. premium
  • C. capital reserve
  • D. goodwill
View Answer & Discuss (1) WAEC 2002
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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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