Company accounting p

The following are contributions during the formation of company except one.

• Contribution in kind

• Contribution in cash

• By expertise

• Conversation of debts

  Which of the following methods of depreciation is recommended by the fiscal law?

• Reducing balance method

• Sum of years digit method

• Contants

• Service hours

The minimum nominal value per share of a public limited company is?

• The legal minimum in FCFA

• 10000frs

• 5000frs

• One quarter of capital

  A company with a capital of 15000000 divided into shares of 15000F decides to call a quarter of its capital how much will a holder of 80 shares pay

• 120000

• 600000

• 300000

• 3750000

A public company was created on the 01/03/2019 with the legal minimum of capital called and paid up. What would be the latest date for the complete payment of contributions

• 31/12/2018

• 1/03/2020

• 1/03/2022

• 1/03/2023

A PLC called a quarter a fraction of its capital, mr. Ambe a defaulting shareholder received 540 000 for his payment. He had paid 700000 for shares subscribed and called up. What is his result  

• Negative 160000

• 540000

• 160000

• Negative 540000

The following balances are available in FCFA ON 01/01/2019 for NKEM PLC

1011 subscribed uncalled capital 9000000 1012 subscribed called up unpaid capital 11000000 1013b subscribed called up non redeemed capital 10000000 1014 subscribed called paid and redeemed capital 5000000 109 conts, subscribed uncalled capital 9000000. The share capital of NKEM PLC i

• 440000000

• 330000000

• 300000000

• 260000000

1.      The constitution of legal reserves shall stop when the legal reserves reaches

• 10% of the net profit

• 10% of the capital

• 20% of the total capital

• 20% of the paid capital

What is reciprocal participation

• Company A and B are both participating

• Company A has shares of B

• Company A has more shares of B

• Company A is participating at all level

It   is a type of share that must all be subscribed and paid all at formation

• Cash contribution

• Hybrid contributions

• Simple contribution

• Kind contribution