WAEC Accounting 2023 Objective — Question 30
Question 30 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
The authorized number of shares is
- A. 8,000,000.
- B. 5,000,000.Correct
- C. 3,000,000.
- D. 100,000.
Explanation
The authorised share capital is the total number of shares (5,000,000) which the company's memorandum of association permits it to issue.
Advertisement
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.