cameroon gce A level 2024 corporate accounting 1

cameroon gce A level 2024 corporate accounting 1

cameroon gce A level 2024 corporate accounting 1

SECTION A: COMPANY AND PARTNERSHIP
ACCOUNT
–profit for the year 7,000,000CFAF
The legal reserve to be endowed for the year
ended 31/12/2018 is:
A 2,500,000CFAF
B 500.000CFAF
C 600,000CFAF
l> 700,000CFAF
1. In the constitution of the public limited company, the
evaluation of contributions in kind is done by
A the board of directors
B the notary public
C the auditor of contributions
D the state
7. The share capital account that has right to
2. created What condition ? must be fulfilled before a I’lc. is statutory interest following profit appropriation
A Capital must be fully subscribed is
B flic head office must be ready for
business
C They must hire a notary public
D All the factors of production must be
assembled by the entrepreneur
A account 1011 “subscribed capital not
called up”
B account 1012 “subscribed capital
called up but not paid”
C account 1013 “subscribed capital
called up and paid but not redeemed”
49– account 1014 ‘‘subscribed capital
called up, paid and redeemed”
3. A Pic. is created with an authorized capital of
120 000 000CFAF. ‘A is subscribed in kind and the
rest in cash.
The least amount of called–up capital at creation for
this company will be?
A 30 000 000CFAF
B *12 500 000CFAF
C 52 500 000CFAF
D 40 000 000CFAF
8. The table of profit appropriation of XYZ ltd with
a capital made up of 6 000 shares for the year
ended 31 December 2021 shows a balance of
5 740 000 CFAF to be allocated to superdividend and carried forward . The super
dividend per share was rounded down to 100
CFAF. What‘s the value for super dividend and
carried forward is:
Super dividend
–A– 5,740,000

4. A credit balance of account 1012–Subscribed, calledup, unpaid capital signifies that
A a call has been made
B capital was not fully called at creation
–e there is a defaulting shareholder
D a call is still pending settlement
Carried forward
0
5. The extract of the trial balance of T&L pic drawn up immediately after the formation is given
below:
• Credit balance of account 1011 —
Subscribed, uncalled up capital: 84 000 000
CFAF.
What is the nominal value of a share knowing
that 8000 cash shares were issued and 30% of
the cash shares called up at formation?
A 15,000 CFAF
–B– 10,500 CFAF
C 35,000 CFAF
D 30,000 CFAF
9. Which instance takes the decision for the
appropriation of profit in limited liabilities
companies?
A~ The ordinary general meeting of
shareholders
B The board of directors
C The extraordinary general meeting of
shareholders
D The audit committee
10. At the creation of a business, its capital is valued
at ?
6. Before profit appropriation, the following
balances are extracted from the balance sheet of a
company as at 31/12/2018:
–share capital 15.000.000CFAF
–legal reserves 2,500,000CFAF
–loss brought forward 1,000.000CFAF
A The total assets less total liabilities
B Its financial value
C The sum of nominal value of its shares
D The stock exchange market