by Sunday | Dec 8 | Accounting JAMB
Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overheads N2000 Cost of raw materials used N5500 Stock of finished goods (31st December) N2000 A. N7500 B. N6500 C. N9000 D. N8000 Correct Answer: Option C –...
by Sunday | Dec 8 | Accounting JAMB
A. market value of goods produced B. prime cost of production C. indirect cost of production D. goods produced Correct Answer: Option A – market value of goods produced
by Sunday | Dec 8 | Accounting JAMB
A. carriage outwards B. carriage inwards C. discounts received D. returns outwards Correct Answer: Option A – carriage outwards
by Sunday | Dec 8 | Accounting JAMB
A. narration B. summary C. information D. commentary Correct Answer: Option A – narration
by Sunday | Dec 8 | Accounting JAMB
Statement of assets and liabilities as at 31st December, 2001. Shareholders’ interest N240 Current liabilities N20 Current assets N110 Fixed assets N140 A. N90m B. N70m C. N100m D. N80m Correct Answer: Option A –...
by Sunday | Dec 8 | Accounting JAMB
Statement of assets and liabilities as at 31st December, 2001. Shareholders’ interest N240 Current liabilities N20 Current assets N110 Fixed assets N140 A. N8m B. N10m C. N15m D. N20m Correct Answer: Option B –...
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