by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question Cash at bank Cash in hand Premises Land Creditors loan from friends/bank. A. i and ii B. i and v C. ii and iv D. iii and v Correct Answer: Option A – i and...
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question Cash at bank Cash in hand Premises Land Creditors loan from friends/bank. A. i and v B. ii and iv C. ii and vi D. iii and iv Correct Answer: Option D – iii and...
by Sunday | Dec 5 | Accounting JAMB
A. cash and credit stationery B. purchase and credit stationery C. stationery and credit cash D. stationery and credit purchases Correct Answer: Option C – stationery and credit cash
by Sunday | Dec 5 | Accounting JAMB
Use the information to answer the question. ……………………..30/9/06…….30/9/07….. ……………………….N………….N……… Accrued...
by Sunday | Dec 5 | Accounting JAMB
Use the information to answer the question. ……………………..30/9/06…….30/9/07….. ……………………….N………….N……… Accrued...
by Sunday | Dec 5 | Accounting JAMB
A. N95,600 B. N95,000 C. N90,600 D. N85,000 Correct Answer: Option C – N90,600 Explanation opening stock + cost of goods sold – closing stock = purchase Remember COGS was given as; cost of goods sold = sales – profit (10% of sales) 100,000 –...