by Sunday | Dec 5 | Accounting JAMB
A. head office profit B. unrealized profit C. estimated profit D. branch profit Correct Answer: Option D – branch profit
by Sunday | Dec 5 | Accounting JAMB
Use the information above to answer questions Lighting………………N2925 Rent………………….N2640 Salary………………..N4050 The expenses are for three different product:...
by Sunday | Dec 5 | Accounting JAMB
Use the information above to answer questions Lighting………………N2925 Rent………………….N2640 Salary………………..N4050 The expenses are for three different product:...
by Sunday | Dec 5 | Accounting JAMB
A. fixed asset B. long-term liability C. current asset D. current liability Correct Answer: Option D – current liability
by Sunday | Dec 5 | Accounting JAMB
Osei and Yabo were in partnership sharing profits and losses in the ratio of 2:3. On admitting Takwa, the profit and loss sharing ratio was charged to 1:1:1. Suppose Takwa paid N30 000 for goodwill , this amount would be? A. credited to Takwa’s current acount B....
by Sunday | Dec 5 | Accounting JAMB
A. a cash acount B. a balance sheet C. an income account D. an expenses account Correct Answer: Option B – a balance sheet