NABTEB Accounting 2025 Objective — Question 51

Question 51 of 60 from the National Business and Technical Examinations Board (NABTEB) Accounting 2025 Objective paper, with the correct answer and a full explanation.

When shares are issued at the value stated in the company's Memorandum of Association, it is said to be issued at

A. bonus
B. discount
C. loss

Explanation

When shares are issued at the value stated in the Memorandum of Association, they are issued at par value.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2025 Objective More Accounting past papers