by Sunday | Dec 7 | Accounting JAMB
A. amount due to creditors B. actual cost of an asset C. selling price of goods D. amount due from debtors Correct Answer: Option C – selling price of goods
by Sunday | Dec 7 | Accounting JAMB
A. a decrease in current assets B. an increase in liabilities and assets C. a decrease in assets and capital D. an increase in liabilities and a decrease in assets Correct Answer: Option C – a decrease in assets and capital
by Sunday | Dec 7 | Accounting JAMB
A. consistency B. materiality C. objectivity D. realization Correct Answer: Option A – consistency
by Sunday | Dec 7 | Accounting JAMB
A. 1:2 B. 1:3:1 C. 1.7:1 D. 3:1 Correct Answer: Option B – 1:3:1
by Sunday | Dec 7 | Accounting JAMB
A. 1:1 B. 2:1 C. 2.8:1 D. 3.5:1 Correct Answer: Option B – 2:1
by Sunday | Dec 7 | Accounting JAMB
A. N875 B. N675 C. N600 D. N300 Correct Answer: Option B – N675