Match the statements in Column A to the terms in Column B$.$ Write down theChoose 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$).$

We usually regard which of the following costs as part of the prime cost?

a$)$ raw materials of manufacture

b$)$ manufacturing overheads

c$)$ salaries and wages

d$)$ administration expenses

A venturer should disclose the aggregate amount of the following contingencies:

a$)$ any contingencies that the venturer has incurred in relation to its interests

in joint ventures, and its share in each of the contingencies that have been

incurred jointly with other venturers

b$)$ the venturer's share of the contingencies of the joint ventures for which it is

contingently liable

c$)$ Both a$)$ and b$).$

d$)$ None of the above.

Which of the following does a company not need to submit in order to obtain a

certificate to commence business?

a$)$ an application on the prescribed form

b$)$ extracts of the register of directors and officers

c$)$ a statement of opinion, from each director, that the capital is adequate

or$,$ if not adequate, the reasons why it is not adequate, and the source

from which the necessary finance can be obtained

d$)$ proof of payment for salaries

A credit agreement is subject to the requirements of Act $73$ regarding

disclosure of what is termed the principle debt. This is made up of one of

the following:

a$)$ the cost price of the goods $($less the agreed value of goods traded in$)$

b$)$ all other charges

c$)$ less the amount of the financial charges.

d$)$ None of the above.

Which of the following does not form part of the chief characteristics of a

close corporation?

a$)$ the name of the association followed by the letters CC as well

as its registration number

b$)$ replacement of the term 'capital' by the term 'financial interest'

answers only, for example $1.($a$).$