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Course 21164
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Membership fees received during the year amounted to N$120,000. Included in this amount was N$10,000 received in advance for next year. The membership fee income for the year is:
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In case of public limited company, after getting the-----------the company can start the business
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D, E and F are in partnership, sharing profits in the ratio 2:2:1. D is allowed an annual salary of N$10000. E has made a loan to the partnership on which the partnership pays interest of N$5000 each year. Profit for the year before appropriation was N$150 000. What was F’s total share of profit for the year?
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The main purpose of preparing a Receipts and Payments Account is to:
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How should interest charged on a partners drawings account be treated?
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On 31 August 2023, an entity made a first provisional payment of N$28 000 for the reporting period ended 28 February 2024. At 29 February 2024, the entity revised its estimated taxable income for the period ended February 2024 to N$300 000. The tax rate for the period was 31%. The provisional tax payment due at 29 February 2024 amount to:
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The issued share capital of CD Limited consists of ordinary shares. Retained earnings were N$86 000 on 1 September 2022 and N$88 500 on 31 August 2023. The company made a profit during the year of N$26 000 and made a transfer to general reserve of N$5000.hat was the total ordinary share dividend paid during the year?
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The dividend paid between two annual general meeting is known as a……………………….
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Why is goodwill adjusted in the books of account when a new partner is admitted?
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On 1 January NH Limited was formed with the issue of 200000 ordinary shares of N$0.50 each. During the first year it made a profit of N$21000. A dividend of N$0.02 per share was paid and $10 000 was transferred to general reserve. What was the total of reserves on 31 December?
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