by Sunday | Dec 8 | Accounting JAMB
A. used to pay all taxes due to government B. used to start a new partnership business by members who are willing C. shared equally by the existing partners D. used in paying the debts and liabilities of the firm to persons who are not partners Correct Answer: Option...
by Sunday | Dec 8 | Accounting JAMB
Given: Balance at 31st December …………N14,744m Treasury Bills issued Jan-Dec……..N7124m Revenue for the year …………….N6387m Expenditure …………………….N8767m A....
by Sunday | Dec 8 | Accounting JAMB
Given: Sales ……………………….N195,200 Stock 1st January……………..N34,000 Purchases ……………………N126,000 Sales returns...
by Sunday | Dec 8 | Accounting JAMB
A. subsidiary books into the trial balance B. ledger into the trial balance C. journals into the ledgers D. subsidiary books into the ledgers Correct Answer: Option D – subsidiary books into the ledgers
by Sunday | Dec 8 | Accounting JAMB
A. quality in terms of records B. completeness in terms of records C. accuracy in terms of operation D. simplicity in terms of operation Correct Answer: Option D – simplicity in terms of operation
by Sunday | Dec 8 | Accounting JAMB
A. draw up the statement of affairs B. draw up a T-account to establish the amount C. compare the journal entries with the cash book D. cross-check the cash book for further information Correct Answer: Option A – draw up the statement of...
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