by Sunday | Dec 1 | Accounting JAMB
A. par B. premium C. discount D. interest Correct Answer: Option B – premium Explanation Issue of shares at premium means that the issuing of shares above the face value (also called as nominal value or par value). Simply put, when shares are issued at a price...
by Sunday | Dec 1 | Accounting JAMB
A. debited to appropriation account B. credited to appropriation account C. treated as an expense in profit and loss account D. recorded in the balance sheet as current assets Correct Answer: Option B – treated as an expense in profit and loss account...
by Sunday | Dec 1 | Accounting JAMB
A. a deed B. a law C. a constitution D. an article Correct Answer: Option A – a deed Explanation A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business...
by Sunday | Dec 1 | Accounting JAMB
A. bonus B. commission C. premium D. goodwill Correct Answer: Option D – goodwill Explanation Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately...
by Sunday | Dec 1 | Accounting JAMB
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses A. i, ii and iii B. i, ii and iv C. i, iii and iv D. ii, iii and iv Correct Answer: Option A – i, ii and iii Explanation Prime cost is the direct cost of a commodity in terms of the...
by Sunday | Dec 1 | Accounting JAMB
A. Direct materials B. Direct labour C. Administrative overhead D. Work-in-progress Correct Answer: Option C – Administrative overhead Explanation Administrative overhead is those costs not involved in the development or production of goods or services. This is...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.