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Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
Preference dividend for the year is
AN20,000
BN10,500
CN10,000
DN7,500
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Question 532
waec2003
Use the following information to answer the given question.
\(\begin{array}{c|c} \text{Net profit for the year} & N75.000\\ \text{Ordinary share capital of 50 kobo each} & N65,000\\ \text{10% Preference shares of 50 kobo each} & N100,000\end{array}\)
The amount available as dividend to ordinary shareholders is
AN75,000
BN65,000
CN55,000
DN52,500
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Question 533
waec2003
Patient and trade marks are classified under
Aintangible assets
Bcurrent assets
Cfixed assets
Dwasting assets
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Question 534
waec2003
The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is
Aapportionment
Bvirement
Cappropriation
Dallocation
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Question 535
waec2003
Which of the following is the responsibility of a local government?
Aconstructing market stalls
Braising income tax revenue
Cdeveloping highways and tolling them
Ddeveloping major ports for tax purposes
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Question 536
waec2003
Which of the following is not an externally visible part of a computer?
Acentra processing unit
Bmicrochip
Cmonitor
Dkeyboard
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Question 537
waec2003
The document which advertises the sale of shares of a company is a/an
Aprospectus
Bdebenture
Cstatement
Dinvoice
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Question 538
waec2003
The transformation of pieces of information into a more useful format is
Adata processing
Binformation processing
Ccomputerization
Dsystem analysis
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Question 539
waec2003
A chain store is known as?
Adepartment store
Bmultiple store
Csupermarket
Dhypermarket
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Question 540
waec2003
An unfavourable balance of trade for a country means that her?
Aimports exceed exports
Bvisible exports exceed invisible import
Cinvisible exports exceed visible exports
Dimports and exports are equal
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Question 541
waec2002
Which of the following belongs to the sales ledger?
AMotor Van Disposal account
BBank Account
CDebtors Account
DRent and Rates Account
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Question 542
waec2002
A suspense account is used to
Arecord sales
Bagree the trial balance
Crecord purchases
Dprepare the balance sheet
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Question 543
waec2002
Subscriptions in arrears is treated in the balance sheet of a club as
Acurrent liability
Bintangible assets
Cfictitious asset
Dcurrent asset
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Question 544
waec2002
"Accountants do not count chickens before they are climbed". This is the concept of
Aaccrual
Bmateriality
Crealisation
Dgoing-concern
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Question 545
waec2002
The total amount of money set aside for a particular purpose by government is
Afund
Bvote
Cvirement
Dbudget
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Question 546
waec2002
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account to 31st December. The amount carried in the Balance sheet is classified as
Acurrent asset
Bcurrent liability
Ccapital
Dlong-term liability
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Question 547
waec2002
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account to 31st December. How much is carried in the Balance Sheet at 31st December, 2000?
AN45,000
BN12,000
CN9,000
DN4,500
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Question 548
waec2002
Depreciation is
Acost of repairs incurred on a fixed asset
Ba charge for the wear and tear of fixed assets
Cthe cost incurred on replacing a fixed asset
Dprovision for loss of fixed asset
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Question 549
waec2002
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares account to 31st December. How much is charged to profit and loss account for the year 2000?
