by Sunday | Apr 8 | Accounting JAMB
A. have a higher cost of goods sold B. have a higher value of closing stock C. have a higher gross profit D. pay higher income tax Correct Answer: Option C – have a higher gross profit
by Sunday | Apr 8 | Accounting JAMB
A. materials sold in each department B. insurance premium payable on employees C. number of employees in each department D. contribution of each department to profit Correct Answer: Option D – contribution of each department to...
by Sunday | Apr 8 | Accounting JAMB
A. technical, special trust and commercial funds B. personal advances, technical and public funds C. personal advances, treasury clearance and special trust funds D. commercial loans and treasury clearance funds Correct Answer: Option B – personal advances,...
by Sunday | Apr 8 | Accounting JAMB
Use the information below to answer the question. Phebe Enterprises has two departments S and T, with the following information S ₦ Opening stock ————5,000 Purchases —————–26,000 Closing stock...
by Sunday | Apr 8 | Accounting JAMB
Use the information below to answer the question. Phebe Enterprises has two departments S and T, with the following information S ₦ Opening stock ————5,000 Purchases —————–26,000 Closing stock...
by Sunday | Apr 8 | Accounting JAMB
A. LIFO B. simple average C. FIFO D. weighted average Correct Answer: Option C = FIFO