by Sunday | Dec 1 | Accounting JAMB
A. Subscriptions received in advance B. Subscriptions due not yet received C. Accrued expenses on annual dances D. Depreciation of the club house Correct Answer: Option A – Subscriptions received in advance Explanation A receipts and payments account is a...
by Sunday | Dec 1 | Accounting JAMB
A. deducted from the cost of goods completed during this year B. added to the cost of goods completed C. stated in the profit and loss account D. stated in the prime cost section Correct Answer: Option A – deducted from the cost of goods completed during this...
by Sunday | Dec 1 | Accounting JAMB
Purchase of raw materials – #330,000 Closing stock of raw materials – #80,000 Direct wages – #30,000 Carriages of raw materials – #10,000 A. #525,000 B. #515,000 C. #465,000 D. #370,000 Correct Answer: Option D – #370,000...
by Sunday | Dec 1 | Accounting JAMB
Opening stock of raw materials – #75,000 Purchase of raw materials – #330,000 Closing stock of raw materials – #80,000 Direct wages – #30,000 Carriages of raw materials – #10,000 A. #495,000 B. #415,000 C. #325,000 D. #305,000 Correct...
by Sunday | Dec 1 | Accounting JAMB
A. goods available for sale B. goods sold C. goods manufactured D. materials put into production Correct Answer: Option C – goods manufactured Explanation The cost of goods manufactured equation is calculated by adding the total manufacturing costs; including...
by Sunday | Dec 1 | Accounting JAMB
A. discount B. sales commission C. manufacturing profit D. factory reserves Correct Answer: Option C – manufacturing profit Explanation The Manufacturing Profit, is the excess of transfer value of goods manufactured over their actual production...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.