Choose the correct option for each of the following. Write only the

question number and your chosen answer. For instance, if you think that

the correct answer for number $1$ is $($a$),$ then write it as $1.($a$).$

Statutory payments in a Closed Corporation do not include the

following:

$($a$)$ The repayment of a contribution to a member

$($b$)$ The repayment of a portion of a member's contribution to a

member

$($c$)$ Any payment to a member who is a creditor of the $CC$ in the

normal course of business

$($d$)$ The purchase of a member's interest by the $CC$ of which she

is a member.

Which of the following is not regarded as the qualifications of an

accounting officer?

$($a$)$ The South African Institute of Chartered Accountants

$($b$)$ Accountants and Auditors board

$($c$)$ The Institute of Cost and Management Accountants

$($d$)$ The Association of Commercial and Financial Technicians of

Southern Africa

All companies are required to keep the following records:

$($a$)$ Annual return

$($b$)$ Register of allotments

$($c$)$ Register of debenture holders

$($d$)$ All of the above

Which of the following do not fall into the main classes of shares:

$($a$)$ Preference shares

$($b$)$ Cumulative preference shares

$($c$)$ Ordinary preference shares

$($d$)$ Redeemable preference shares

Company financial statements do not include which of the

following:

$($a$)$ Directors' report

$($b$)$ Auditors' report

$($c$)$ Earnings per share

$($d$)$ Income statement