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3776

A partnership may be automatically dissolved due to the following factors except________

  • A. Court verdict
  • B. Joint decision
  • C. Admission of new partners
  • D. Bankruptcy of a partner
View Answer & Discuss (6) JAMB 2019
3777

One of the disadvantages of Sole Proprietorship is__________

  • A. It requires small operations
  • B. It involves small capital
  • C. It lacks specialization
  • D. Grants from government
View Answer & Discuss JAMB 2019
3778

In the formation of a united liability company, the following documents are prepared except_______

  • A. Memorandum of Association
  • B. Article of Association
  • C. Statement of Nominal Capita
  • D. Prospectus
View Answer & Discuss JAMB 2019
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3779

The process of winding up or bringing a company to an end is________

  • A. Dissolution
  • B. Liquidation
  • C. Integrating
  • D. Merger
View Answer & Discuss (2) JAMB 2019
3780

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital 5000
Net Profit 1000
Furniture 2000
Equipment 2900
Debtors 100
Stock 1000
Bank 500

 

From the above, calculate Current assets


 

  • A. 1600
  • B. 1060
  • C. 1500
  • D. 600
View Answer & Discuss JAMB 2019
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