cameroon gce advanced level cooperate accounting 1

cameroon gce advanced level cooperate accounting 1

cameroon gce advanced level cooperate accounting 1

. Which of the following methods of depreciation is recommended by the fiscal law ? A Reducing balance B Sum-of-the-years’ digits C Constant D Time based _______________________________________________ 2. A subscription ratio of 1:2 implies : A An old shareholder with 2 old shares has the right to 1 new share. B An old shareholder with 1 old shares has the right to 2 new share. C A new shareholder has right to 2 shares in an old share issue. D A new shareholder has right to one share in a share issue. _______________________________________________ 3. A firm recorded a net dividend of 835,000 CFAF on shares. The Personal Income Tax on Securities deducted is : A 20,000 CFAF B 165,000 CFAF C 835,000 CFAF D 1,000,000 CFAF _______________________________________________

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