by Sunday | Dec 10 | Accounting JAMB
Rakiya and Joy are in partnership and agreed that 5% interest per annul is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, N200 on March 31 and N300 on September 30. Joy, N100 on April 1 and N240 on July 1. A. N6.00 B. N7.25 C....
by Sunday | Dec 10 | Accounting JAMB
A. interest on partners’ capital B. interest on partners’ loan C. employees’ salaries D. partners’ drawings Correct Answer: Option A – interest on partners’ capital
by Sunday | Dec 10 | Accounting JAMB
A. a decrease in the value of asset has no effect on value of goodwill B. an increase in the value of asset is treated as an increase in the value of goodwill C. a decrease in the value of asset is treated as an decrease in the value of goodwil D. an increase in the...
by Sunday | Dec 10 | Accounting JAMB
A. members’ equity B. share capital C. general fund D. surplus fund Correct Answer: Option A – members’ equity
by Sunday | Dec 10 | Accounting JAMB
Maimalari Ltd had Earning per share 47k Dividend per share 30k Par value of each share N1.20 Market price per share N1.50 A. 3.91 B. 3.19 C. 2.95 D. 2.55 Correct Answer: Option B –...
by Sunday | Dec 10 | Accounting JAMB
Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of each share N1.20 (iv) Market price per share N1.50 A. 20.00% B. 25.00% C. 31.33% D. 39.17% Correct Answer: Option C –...
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