by Sunday | Dec 10 | Accounting JAMB
Halal Limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/97. The company’s policy provides for 15% bad debt annually. Which of the following represents the total balance of debtors before adjustment? A. N6,120,000 B....
by Sunday | Dec 10 | Accounting JAMB
A. determine accurate returns by the branch B. ascertain the correct profit or loss on branch activities C. enable the branch to keep control over stock D. enable the branch to ascertain debtor’s balance Correct Answer: Option A – determine accurate...
by Sunday | Dec 10 | Accounting JAMB
A. 10 years B. 5 years C. 2 years D. 1 year Correct Answer: Option D – 1 year
by Sunday | Dec 10 | Accounting JAMB
A. special trust fund B. agency fund C. national loan fund D. contingency fund Correct Answer: Option D – contingency fund
by Sunday | Dec 10 | Accounting JAMB
(i) Meet growth and diversification need. (ii) Reach out to particular customers or markets (iii) Comply with some regulatory directives (iv) Increase employees’ income. A. i and ii B. i, ii and iii C. ii, iii and iv D. iii and iv Correct Answer: Option A...
by Sunday | Dec 10 | Accounting JAMB
A. Public Accounts Committee B. Public Audit Committee C. Internal Audit Committee D. External Audit Committee Correct Answer: Option A – Public Accounts Committee
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