by Sunday | Dec 3 | Accounting JAMB
A. current account B. capital account C. trading account D. balance sheet Correct Answer: Option B – capital account Explanation partnership capital account: Which shows the capital contribution of a partner, plus profits and minus losses and...
by Sunday | Dec 3 | Accounting JAMB
A. debited in current account B. credited in profit and loss account C. debited in profit and loss account D. credited in current account Correct Answer: Option C – debited in profit and loss account Explanation Interest on partners’ loan to the firm is a...
by Sunday | Dec 3 | Accounting JAMB
A. memorandum B. bye-law C. deed D. financial regulation Correct Answer: Option C – deed Explanation A partnership deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business...
by Sunday | Dec 3 | Accounting JAMB
A. sundry debtors’ account B. appropriation account C. profit and loss account D. sundry current account Correct Answer: Option B – appropriation account Explanation A partnership appropriation account is an intermediary account between the profit and loss...
by Sunday | Dec 3 | Accounting JAMB
A. Savings account B. Current account C. Capital account D. Share capital account Correct Answer: Option B – Current account Explanation Current account of partners’ is also a type of Capital Account. So if there is a debit balance in Current Account, it...
by Sunday | Dec 3 | Accounting JAMB
A. bank account and crediting branch stock account B. goods sent to branch account and crediting branch debtors’ account C. branch stock account and crediting branch debtors account D. branch debtors’ and crediting cash account Correct Answer: Option C...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.