by Sunday | Dec 10 | Accounting JAMB
Given: Opening cash balance N20,000 Sales of match tickets N15,000 Clearing of pitch N1,200 Refreshments N3,500 Referees’ allowance N1,000 Cost of petrol N1,120 Donation from local government N3,800 A. N39,180 B. N34,830 C. N34,380 D. N31,980 Correct Answer:...
by Sunday | Dec 10 | Accounting JAMB
A. compensation of vendors by the purchase B. admission of a new partner C. purchase of rights of a dead partner D. change of sharing ratio of vendors Correct Answer: Option D – change of sharing ratio of vendors
by Sunday | Dec 10 | Accounting JAMB
A. Arrears of current year’s subscription B. Salary arrears paid in the current year C. Rental income received in advance D. Advances subscription in respect of a coming year Correct Answer: Option B – Salary arrears paid in the current...
by Sunday | Dec 10 | Accounting JAMB
Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share. Applications were received for N1,550,000 shares fully paid, N1,250,000 shares are to be issued on a pro rata basis and excess subscriptions were dishonored and refunds made?...
by Sunday | Dec 9 | Accounting JAMB
Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share. Applications were received for N1,550,000 shares fully paid, N1,250,000 shares are to be issued on a pro rata basis and excess subscriptions were dishonored and refunds made?...
by Sunday | Dec 9 | Accounting JAMB
A. shares are never offered at a discount; the offer is invalid B. the value of shares in the capital account will be lowered by 2% C. the company incurs a loss to the tune of 2% of the offer D. each of the subscribers loses 2% of investment Correct Answer: Option C...
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