Partnerships, companies, non-profit and incomplete records

Question 1 of 10

Holders of ordinary shares receive

Question 2 of 10

Debentures are

Question 3 of 10

A and B share profits 3 : 2 after A's salary of GH¢4,000. Net profit is GH¢24,000. A's total share is

Question 4 of 10

A company has 50,000 ordinary shares and declares a dividend of GH¢0.20 per share. Total dividend is

Question 5 of 10

The excess of income over expenditure in a club's accounts is called

Question 6 of 10

Profit attributable to shareholders and paid out to them is a

Question 7 of 10

Ordinary shareholders of a company receive a share of profits called

Question 8 of 10

A statement of affairs is prepared to find the

Question 9 of 10

Subscriptions received GH¢6,000 include GH¢400 for next year and GH¢300 owing from last year. Subscriptions income for the year is

Question 10 of 10

Interest on partners' drawings is