Post Utme Accounts - Principles of Accounts Past Questions and Answers

Question 81:

Holders of ordinary shares do not have the right to ____

A. Participate in additional issue of shares
B. Vote at annual general meetings
C. Elect the board of directors
D. Receive dividend at a predetermined rate

Question 82:

In company accounts, profit after tax isshared in the ____ account.

A. Appropriation
B. Revaluation
C. Current
D. Profit realization

Question 83:

The amount set aside out of profits
earned by a company which is not meant forliability or contingency are ____

A. Dividends
B. Provisions
C. Retained profits
D. Reserves

Question 84:

Which of the following attracts a fixedrate of dividend?

A. Ordinary shares
B. Founders’ shares
C. Preference shares
D. Deferred shares

Question 85:

Which of the following ratios gives anidea of the liquidity of a firm?

A. Turnover ratio
B. Quick ratio
C. Debt ratio
D. Dividend yield.