by Sunday | Dec 5 | Accounting JAMB
A. detect errors and irregularities B. assist purchases C. assist sales D. check management incompetence Correct Answer: Option A – detect errors and irregularities
by Sunday | Dec 5 | Accounting JAMB
A. FIFO B. LIFO C. Simple average D. periodic simple average Correct Answer: Option A – FIFO
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question. Aug. 1 Received 20 units at N60 each Aug. 6 Received 20 units at N68 each Aug. 10 Issued 16 units Aug. 20 Received 40 units at N80 each Aug. 31 Issued 48 units A. N1280 B. N1184 C. N1024 D. N960 Correct Answer: Option...
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question. Aug. 1 Received 20 units at N60 each Aug. 6 Received 20 units at N68 each Aug. 10 Issued 16 units Aug. 20 Received 40 units at N80 each Aug. 31 Issued 48 units A. N80 B. N74 C. N64 D. N60 Correct Answer: Option A...
by Sunday | Dec 5 | Accounting JAMB
A. asset cost, market value and useful life B. asset cost, market value and residual value C. asset value, cash value useful life D. asset cost, salvage and useful life Correct Answer: Option D – asset cost, salvage and useful...
by Sunday | Dec 5 | Accounting JAMB
Capital 12,700 Purchases 7,100 Debtors 4,000 Stationery 1,900 Sales 2,400 Wages 1,230 A. N655 credit B. N655 debit C. N130 credit D. N130 debit Correct Answer: Option B – N655...