Accounting Quiz or Test Your Accounting Knowledge On Limited Companies

Refresh or test your accounting knowledge on Limited Companies:

QUESTIONS:1.0    What is the meaning of “limited liability”?

2.0    List four of the statutory books which companies must maintain?

3.0    What is the difference between issued capital and called-up capital?

4.0    What are the differences between ordinary shares and preference shares?

5.0    What are the differences between debentures and share capital?

6.0    How does a share premium account arise?

7.0    Distinguish between a bonus issue and a rights issue

8.0    Give two examples of contingent liabilities


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