by Sunday | Apr 8 | Accounting JAMB
A. receive dividends at a predetermined rate B. vote at annual general meetings C. elect the board of directors D. participate in additional issues of shares Correct Answer: Option A – receive dividends at a predetermined...
by Sunday | Apr 8 | Accounting JAMB
Given: ₦ Bank overdraft 2,000 Cash 2,000 Furniture 4,000 A. ₦4000 B. ₦6000 C. ₦2000 D. ₦8000 Correct Answer: Option C = ₦2000
by Sunday | Apr 7 | Accounting JAMB
Given, ₦ Stock (1/4/94) 800 Purchases of flour 2,450 Sales 4,745 Wages of bakery staff 675 Carriage outwards 50 Salary of administrative staff 225 Stock (31/3/95) 940 Capital 1,540 A. ₦3,925 B. ₦3,250 C. ₦2,985 D. ₦2,575 Correct Answer: Option C =...
by Sunday | Apr 7 | Accounting JAMB
Use this information below to answer this question ₦ Capital: Opening balance 307,000 Closing balance 342,000 Net profit for the period 121,600 Purchases 706,000 Carriage inwards 17,500 Cost of goods sold 740,700 Total selling, general and administration expenses...
by Sunday | Apr 7 | Accounting JAMB
A. omission of sales of ₦3000 and purchases of ₦2000 B. Posting discount allowed to the debit side of discount allowed account C. omission of one account from the list when extracting the ledgers D. failure to post sales of ₦2000 and purchases of ₦2000 Correct Answer:...
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