by Sunday | Dec 8 | Accounting JAMB
In a petty cash book the imprest is N1380. Expenses: Stationery N350 Cleaning material N335 General expenses N265 A. N950 B. N970 C. N430 D. N380 Correct Answer: Option A – N950
by Sunday | Dec 8 | Accounting JAMB
A. balance sheet B. provision for bad debt account C. profit and loss account D. trading account Correct Answer: Option C – profit and loss account
by Sunday | Dec 8 | Accounting JAMB
Given: Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675 Carriage outwards N50 Salary of administrative staff N225 Stock (31/3/95) N940 Capital N1540 A. N2575 B. N2985 C. N3250 D. N3925 Correct Answer: Option B –...
by Sunday | Dec 8 | Accounting JAMB
A. N53 000 B. N63 000 C. N73 000 D. N83 000 Correct Answer: Option D – N83 000
by Sunday | Dec 8 | Accounting JAMB
Credit purchases are always put at 150% of the total cash paid to suppliers A. N13 500 B. N15 500 C. N13 400 D. N12 000 Correct Answer: Option D – N12 000
by Sunday | Dec 8 | Accounting JAMB
Credit purchases are always put at 150% of the total cash paid to suppliers. A. N6 900 B. N6400 C. N5000 D. N4000 Correct Answer: Option C – N5000
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