by Sunday | Dec 3 | Accounting JAMB
A. dividend received B. uncredited expenses C. uncredited cheques D. interest on lodgement Correct Answer: Option C – uncredited cheques Explanation Uncredited cheques: These are cheques received from customers and other sources for which the firm has banked but...
by Sunday | Dec 3 | Accounting JAMB
A. transaction B. turnover C. transfer D. cash received Correct Answer: Option B – turnover Explanation Charge on turnover (COT) also known as Commission on turnover are charges a customer incurs for debit transactions (transaction involving withdrawals and/or...
by Sunday | Dec 3 | Accounting JAMB
A. commission paid B. interest received C. direct payment D. direct withdrawal Correct Answer: Option B – interest received Explanation Electronic charges or payment on the bank statement not yet recorded in the cashbooks can cause discrepancies on the cash...
by Sunday | Dec 3 | Accounting JAMB
A. cash book B. petty cash book C. general ledger D. credit notes Correct Answer: Option D – credit notes Explanation A credit note is one of the source documents used by a business. It is a receipt given by a seller to a buyer. Credit notes are typically used...
by Sunday | Dec 3 | Accounting JAMB
A. passes information through the sales day book B. has cash and bank column C. specifies the particular of goods bought D. indicates only the cash sales Correct Answer: Option C – specifies the particular of goods bought Explanation Essential Elements Each...
by Sunday | Dec 3 | Accounting JAMB
A. N61 000 B. N58 000 C. N62000 D. N57 000 Correct Answer: Option C – N62000
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.