by Sunday | Dec 8 | Accounting JAMB
Given: …………..Rich Social Club……….. Cash…………………….N100,000 Loan ……………………N30,000 Subscription in arrears……N5,000...
by Sunday | Dec 8 | Accounting JAMB
A company has two departments X and Y. Y transferred goods to X at a profit margin of 25%. N10,000 worth of goods was not sold at the end of the accounting period. A. N2000 B. N2500 C. 12000 D. 12500 Correct Answer: Option A –...
by Sunday | Dec 8 | Accounting JAMB
A. cash B. cheques C. debtors D. stocks Correct Answer: Option C – debtors
by Sunday | Dec 8 | Accounting JAMB
Given: Cost of raw materials issued to production…..N37000 Opening stock of raw material………………N2000 Purchases of raw material………………….N3800 Wages...
by Sunday | Dec 8 | Accounting JAMB
A. production, selling, distribution and material B. production, selling, distribution and administration C. selling, distribution and production and wages D. distribution, selling, administration and material Correct Answer: Option B – production, selling,...
by Sunday | Dec 8 | Accounting JAMB
A. separate debtors from creditors B. determine the cost of stock at the end of business C. determine the cost of stock at the beginning of business D. determine the total cost of goods purchased Correct Answer: Option B – determine the cost of stock at the end...