by Sunday | Dec 8 | Accounting JAMB
A. debit cash book and credit suspense account B. debit cash book and credit drawer C. credit cash book and debit suspense account D. credit cash book and debit drawer Correct Answer: Option D – credit cash book and debit...
by Sunday | Dec 8 | Accounting JAMB
The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000. Creditors N50,000 Debtors N46,000 Loan N100,000 Stock N20,000 Motor vehicle N120,000 Building N70,000 Accrued wages 30,000 Bank N25,000 A. N180,000 B. N181,000 C. N177,000 D. N110,000 Correct Answer:...
by Sunday | Dec 8 | Accounting JAMB
The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000. Creditors N50,000 Debtors N46,000 Loan N100,000 Stock N20,000 Motor vehicle N120,000 Building N70,000 Accrued wages 30,000 Bank N25,000 A. N110,000 B. N105,000 C. N101,000 D. N100,000 Correct Answer:...
by Sunday | Dec 8 | Accounting JAMB
NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875 Prepaid expenses N580 Motor vehicles N34750 Furniture N35850 Accrued expenses N645 Stock N8100 Cash balances N9911 Debtors N1809 A. N20400 B. N20465 C. N35695 D. N19820...
by Sunday | Dec 8 | Accounting JAMB
(i) Fixtures account (ii) Machinery account (iii) Wages accounts (iv) Rent account. A. iii and iv B. i and ii C. i and iii D. ii and iii Correct Answer: Option A – iii and iv
by Sunday | Dec 8 | Accounting JAMB
A. all cash taking are banked B. the cash book is correct C. there are no overdrafts D. there are no hidden loans Correct Answer: Option A
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