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WAEC Financial Accounting 2009 Question 50

Question 50

Company Accounts

A stock as a form of capital of a company comprises

  1. A.tons of merchandise
  2. B.units of goods
  3. C.units of shares
  4. D.bundles of wares
Show the answer and explanation

Answer: C (units of shares)

Explanation

Stock is fully paid shares grouped together, so it is made up of units of shares.