by Sunday | Dec 10 | Accounting JAMB
A. sales income B. receipt from debtors C. fixtures and fittings D. rent paid Correct Answer: Option C – fixtures and fittings
by Sunday | Dec 10 | Accounting JAMB
Amin Ltd. Creditor Ledger Control Account (Extracts) Beginning control account Balance: Debit 32,000 Credit 61,000 Purchases during the year: Cash 30,000 Credit 60,000 Payment to suppliers: Cash 13,000 Cheque 29,000 Debtor’s contra 6,000 A. N 41,000 B. N65,000...
by Sunday | Dec 10 | Accounting JAMB
Cost of raw materials consumed 300,600 Carriage inwards 6,700 Returns of raw materials 10,800 Closing stock of raw materials 100,250 Manufacturing wages 27,000 Lighting, power, insurance and rent relation to the factory are apportioned 1/3,2/5, 1/6 and 17 with totals...
by Sunday | Dec 10 | Accounting JAMB
Cost of raw materials consumed 300,600 Carriage inwards 6,700 Returns of raw materials 10,800 Closing stock of raw materials 100,250 Manufacturing wages 27,000 Lighting, power, insurance and rent relation to the factory are apportioned 1/3,2/5, 1/6 and 17 with totals...
by Sunday | Dec 10 | Accounting JAMB
A. cost B. prudence C. consistency D. entity Correct Answer: Option D – entity
by Sunday | Dec 10 | Accounting JAMB
Yahuza Enterpises Trial Balance (Extracts) as at Dec. 31, 1998. Capital Premises 90,000 21,000 Debtors 35,000 Provisions 1/1/98: Depreciation 9,000 Bad and doubtful 1,500 A. N 125, 000 B. N114,500 C. N105,500 D. N105,250 Correct Answer: Option D –...
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