by Sunday | Apr 7 | Accounting JAMB
A. change of the partnership’s head office B. purchase of a large quantity of fixed assets C. admission of a new partner D. retirement of a manager who is not a partner Correct Answer: Option C – admission of a new...
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
₦ Bank account 59,410 Capital account 50,000 Purchases account 20,000 Rent 2,500 Stationery 90 Typewriter 6,500 Sales 38,500 A. ₦I38,500 B. ₦147,910 C. ₦85,800 D. ₦88,500 Correct Answer: Option D =...
by Sunday | Apr 7 | Accounting JAMB
A. separate legal entities B. partners C. the same person D. having a business relationship Correct Answer: Option A – separate legal entities
by Sunday | Apr 7 | Accounting JAMB
A. journals and ledgers B. sales invoice and debit note C. sales invoice and cashbook D. cashbook and debit note Correct Answer: Option B = sales invoice and debit note
by Sunday | Dec 20 | Accounting JAMB
A. N 570,000 B. N 570,000 C. N 575,000 D. N 675,000 Correct Answer: Option C – N 575,000
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