Accounts - Principles of Accounts Past QuestionsQuestion 131:A company has 5% debentures worth N500 000 ordinary share capital N 2 000 000, and preference shares N1500 000. if the company made a profit of N 1 000 000, the debenture interest would amount to A. N 1 000 000 B. N 500 000 C. N 50 000 D. N 25 000 Question 132:A dividend of 10% in a company on 500 000 ordinary shares of N 1 nominal value has been declared, How much will a shareholder receive if he has 200 shares? A. N 500 000 B. N 50 000 C. N200 D. N 20 Question 133:What is the working capital? A. N12 000 B. N 11 000 C. N 8 000 D. N4 000 Question 134:The acid test ratio in the company is A. 1:1 B. 1:2 C. 2:3 D. 3:2 Question 135:If goods are invoiced to the branch at cost and the invoice par value is N 2 000 with 5%discount rate, can remitted to the head office is A. N2 100 B. N 200 C. N 1 900 D. N 100 |
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