by Sunday | Dec 9 | Accounting JAMB
A. an asset account and a credit to the expenses account B. the expenses account and a credit to an asset account C. profit and loss account and a creit to the expenses account D. the expenses account and a credit to profit and loss account Correct Answer: Option C...
by Sunday | Dec 9 | Accounting JAMB
A. posting disscount allowed to the debit side of the discount allowed account B. omision of one account from the list when extracting from the ledger C. failure to post sales of N2,000 and purchases of N2,000 from the subsidiiary ledger D. omission of sales of N3,000...
by Sunday | Dec 9 | Accounting JAMB
Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N’000 N ‘000 Cash 2,000 Investments 3,000 Accounts receivable 6,000 11,000 Fund balance 11,000 11,000 A. N8m B. N 11M C. N12M D. N15M Correct Answer: Option C –...
by Sunday | Dec 9 | Accounting JAMB
A. date, narration, folio, debit, and purchases B. date, narration, folio, debit and purchase C. folio, credit, date, debit and sales D. debit, credit, narration, date and discount Correct Answer: Option A – date, narration, folio, debit, and...
by Sunday | Dec 9 | Accounting JAMB
A. four column B. three column C. single column D. two column Correct Answer: Option C – single column
by Sunday | Dec 9 | Accounting JAMB
A. teller B. cheque stub C. cheque D. teller stub Correct Answer: Option B – cheque stub
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