by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer question An asset was purchase for N343m in 2003. The estimated life of the asset was 3 years with a residual value of N28m. A. N63m B. N133m C. N36m D. N28m Correct Answer: Option D –...
by Sunday | Dec 5 | Accounting JAMB
A. a partner’s current account B. a partner’s capital account C. the profit and loss account D. the profit and loss appropriation account Correct Answer: Option A – a partner’s current account
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer question An asset was purchase for N343m in 2003. The estimated life of the asset was 3 years with a residual value of N28m. A. N210m B. N343m C. N105m D. N270m Correct Answer: Option C –...
by Sunday | Dec 5 | Accounting JAMB
A. price of the competing goods B. prices that will affect profitability C. number of goods to produce D. number of goods to sell Correct Answer: Option B – prices that will affect profitability
by Sunday | Dec 5 | Accounting JAMB
The federal government approved N140m to local governments W, X, Y and Z. The amount is to be shared on the basis of 40% equality, 35% population and 25% internal revenue generation. Calculate the share of local government W on equality? A. N35m B. N14m C. N56m D....
by Sunday | Dec 5 | Accounting JAMB
A. consolidation revenue fund B. special pension fund C. contingency fund D. development fund Correct Answer: Option B – special pension fund