cameroon gce advanced level 2025 corporate accounting 1

SECTION A: COMPANY AND PARTNERSHIP ACCOUNTS

1. According to the Cameroon Law governing commercial companies, the minimum capital of a certain category of company is 100,000 CFAF. This criterion is associated with

   A Public Limited Companies

   B Private Limited Companies

   C Limited Partnerships

   D Simplified joint stock companies

2. This characteristic makes a commercial company a contract

   A Legal formality

   B Moral personality

   C Penal responsibility

   D Commitment to contribute

3. This is true of the ohada LAW with respect to partnerships:

   A The minimum capital is 100,000 CFAF

   B Cash contributions are paid in instalments

   C All contributions are paid at formation

   D Sleeping partners have voting rights

4. This account is credited during the subscription of capital in a partnership

   A 1012 – Capital called and unpaid

   B 1013 – Capital subscribed and uncalled

   C 4613 – Capital called and paid

   D 4613 – Partners’ unpaid capital

5. The legal personality of a commercial company is obtained when the

   A capital is fully subscribed

   B capital is fully paid up

   C extra-ordinary general assembly

   D company registers with the Trade and personal Property Credit Register

6. From the tax point of view, contributions made during company formation are classed into

   A Mixed, pure & simple and contributions liable to payments

   B Contributions in cash and in kind

   C Pure and simple, cash contributions

   D Mixed contributions, cash contributions

7. Which of the following is calculated on capital called, paid and not redeemed?

   A Legal reserves

   B Statutory interest

   C Super dividend

   D Statutory reserves

8. SIGALLA Plc was created on the 10/06/2022 with a capital of 100 million CFAF (made up of 10, 000 shares). Contributions were as follows:

   • Contributions in kind (figures in CFAF):

   Land 20,000,000

   Buildings 10,000,000

   Suppliers 1,000,000

   Bills payable 400,000

   • Cash contributions. The balance

   The value of contributions in kind is

   A 29,400,000 CFAF

   B 30,000,000 CFAF

   C 29,600,000 CFAF

   D 29,600,000 CFAF

9. EKANE Plc was created on the 08/09/2023 with a capital of 15 million CFAF (made up of 1,000 shares) made up of cash contributions only. On the day of formation, shareholders paid all the legal minimums. However, a holder of 300 shares paid the full value of his shares. What is the amount of anticipated payments?

   A 3,750,000 CFAF

   B 3,375,000 CFAF

   C 2,250,000 CFAF

   D 1,250,000 CFAF

10. According to the OHADA Law governing commercial companies and economic interest groups, the minimum share capital of a public limited company listed on the stock exchange is

    A 1,000,000 CFAF

    B 100,000,000 CFAF

    C 10,000,000 CFAF

    D 5,000,000 CFAF

11. From the accounting point of view, contributions during company formation can be classified into

    A Contributions in cash and Kind

    B Contributions in kind and mixed contributions

    C Cash contributions and Pure & Simple contributions

    D Pure & simple and cash contributions

12. The gap between the value of mixed contributions and pure & simple contributions is called

    A Contributions in kind

    B Contributions liable to payments

    C Contributions in cash

    D Authorised capital