Advanced level 2025 South West mock corporate accounting 1

FORMATION OF COMPANIES AND
PARTNERSHIPS
1. AccoT^ t0^ OHODA Uniform Act on
companies, J company can bo formed by:
A One person
B Association of person?
C Two or more persons
D All of the above
ABCD
7. SANGO PLC has » Cipitsl cf 15,000,000 CT‘AP
subscribed in cash and kind with normin.il value of
a share 17,000 CFAF. Given that 35% of shares are
in kind. How many shares were subscribed in cash?

A	2 000 shsrcs
B	1 750 shares
C	5 000 shares
D	3 250 shares

2. Among the different formation expenses, which of
them is NOT liable to VAT?
A Publicity expenses
B Registration duties
C Honoraria and Publicity expenses
P Honoraria to notary
3. A company with a capital of 10,000,000 CFAF was
formed with the following expenses:
• Honoraries
CFAF

• Publicity expenses
CFAF

100,000

• Registration duties 2%
Given that VAT is 19.25%, the formation expenses
will be:
A 350,000 CFAF
B 550,000 CFAF
C 617,375 CFAF
D 450,000 CFAF
250,000 8. During the recording of tho formation of companies,
when account 109 is debited, it is an indication that:

Subscribed Capital not yet call	A
Subscribed capital call up	B

Capital still to be subscribed	C
A called of capital has made	D
APPROPRIATION OF PROFIT

9. In the appropriation of profit, a credit balance
brought forward should be:
A Subtracted from the net profit before
appropriation
B Added to the net profit before appropriation
C Subtracted from the legal reserves
D Added back to profit for appropriation

afier	legal reserves is	calculated
10. Information concerning the appropriation of profit in BOLA Ltd with CFAF given as follows: a capital of 1OQ.OOO.QOO
ACC. Name j Legal reserves

Profit
t » i 22 U> » Lev
2023 Legaliarevives to be created ut the > <a_–
A |SIOOOOLTAF
1) 2 300 000 CFAF
C 1 330000CPA)
t) 1 (i7vH«x) C>AP
4. A private limited company was incorporated on
01/04/2024 with contribution in cash paid at the
legal minimum. The latest date for payment of all
subscribed uncalled capital is:
A 01/04/2025
B 01/04/2026
C 31/12/2024
D 31/12/2025
5. PlM «ulu “AM d–fridM on the 1* of January 2023 10 form a partnership by bringing in their
contributions as follows:
• PIM: 40% of capital
– PAM: 60*/« of capital
If PIM’s contribution enabled him to obtain 400
shires, what is the capital of the company given
that oorrairul value per share is 10,000 CFAF?
10,000,000 CFAF
4.000,000 CFAF
6,000,000 CFAF
14,000,000 CFAF

Given that AMAXON was created on the
01/06/2020 with a capital of 100,000,000 CFAF
as follows:
15. From the above question the subscription right
(SR) is:
A 5,250 CFAF
B 700 CFAF
C 4,550 CFAF
D 2,500 CFAF
1011 Uncalled capital subscribed
/ capital 12,000,000
1013 Called–up, paid–up and none
redeemed capital
If statutory interest rate is moved from 5% to 6%
p.a.on the 1/07/2023. The amount of statutory
interest for 2023 will be:
A 6,000,000 CFAF
B 2,200,000 CFAF
C 4,840,000 CFAF
D 5,000,000 CFAF
88,000,000
MODIFICATION OF CAPITAL *
16. The legal prescriptions to be respected during an
increase of capital is:
A The preferential rights of subscription
must exceed the issue premium
B Subscribed capital must have been fully
realised
C Old shareholders must be compensated
through the incorporation of reserves
D Shares must be issued at the mathematical
value
VALUATION OF SHARES
12. Company ABIM and Company Bola own
reciprocal shares in each other such that their
equation to determine Mathematical Value (MV)
is
> 60MVA–24MVB= 380,000
> 84MVA– 15MVB= 495,000
The MVA and MVB is:
A 9,358.97 CFAF and 7,564.1 CFAF
B 9,359 CFAF and 9,358.97 CFAF
C 7,564.1 CFAF and 9,358.97 CFAF
D 6,358 CFAF and 9,359 CFAF
17. AFOUBOM has a social capital of 36,000,000
CFAF made up shares of norminal value 12,000
CFAF each. If an increase of capital on the bases
of 2 new shares for 6 subscriptions rights is
operated, how many shares will the capital
structure contain after the iper^ase?
A 3 000 shares
B 1 000 shares /
C 4 000 shares (
D 2 000 shares
(1)
(2)
13. ABC company with a capital 20,000,000 CFAF
made up of shares of norminal value 10,000
CFAF each has as extract from the balance sheet:
80,000,000 CFAF .
40,000,000 CFAF
18. A joint stock company with a social capital of
90,000,000 CFAF made up of 6,000 shares wants
to increase its capital by 25% through the issue
of new cash shares at an issue price of 20,000
CFAF. The minimum possible issue price per
new share will be:
A 21 000 CFAF
B 16 000 CFAF
C 10,000 CFAF
D 15 000 CFAF
– Total assets:
– Liabilities:
The mathematical value is:
A 60,000 CFAF
B 4,000 CFAF
C 2,000 CFAF
D 20,000 CFAF
Use the information to answer questions (14) and (15)
PEXA PLC with a capital made up of 2,500 shares
decided to increase capital simultaneously by issuing
new cash shares and incorporation of reserves by
distributing 500 bonus shares. If the mathematical
value before increase is 28,000 CFAF and after
increase is 22,750 CFAF.
19. When capital is increased by incorporation of
reserves, shareholders of the company will
experience: .
A Increase in attribution and subscription
rights
B Decrease in the number of shares
C Increase in the number of shares
14. The attribution right (AR) will be: D No change in the number of shares
A 5,250 CFAF
B 700 CFAF
C 4,550 CFAF
D 2,500 CFAF