by Sunday | Dec 7 | Accounting JAMB
A. cash and credit old partners’ capital B. goodwill and credit revaluation C. assets and credit capital D. capital and credit assets Correct Answer: Option B – goodwill and credit revaluation
by Sunday | Dec 7 | Accounting JAMB
A. capital of the business B. capital and liabilities of the business C. assets and capital of the business D. assets and liabilities of the business Correct Answer: Option D – assets and liabilities of the business
by Sunday | Dec 7 | Accounting JAMB
Jumoke and Kunle have an original investment of N25,000 and N15,000 respectively in a partnership. The articles of partnership provides 3% interest on capital and salaries of N1,500 and N1,000 respectively for the partners. The profits and losses are to be shared in...
by Sunday | Dec 7 | Accounting JAMB
Jumoke and Kunle have an original investment of N25,000 and N15,000 respectively in a partnership. The articles of partnership provides 3% interest on capital and salaries of N1,500 and N1,000 respectively for the partners. The profits and losses are to be shared in...
by Sunday | Dec 7 | Accounting JAMB
A. partnership agreement B. Articles of association C. goodwill D. capital balances Correct Answer: Option D – capital balances
by Sunday | Dec 7 | Accounting JAMB
A. stock account and a credit to branch debtors’ account B. discount account and a credit to branch bank account C. stock account and a credit to branch bank account D. discount account and a credit to branch debtors’ account Correct Answer: Option D...