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3781

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
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3782

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
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3783

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

  • A. Dissolution
  • B. Liquidation
  • C. Integrating
  • D. Merger
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3784

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
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3785

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 Fixed assets

 

  • A. 6500
  • B. 2000
  • C. 4900
  • D. 600
View Answer & Discuss JAMB 2019
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