by Sunday | Dec 2 | Accounting JAMB
A. cash book bank statement B. bank statement only C. cash book, bank statement and other incidental records D. cash book only Correct Answer: Option A – cash book bank statement
by Sunday | Dec 2 | Accounting JAMB
Use the information below to answer the question. Adamu Stores bought accessories from Mu’azu Beverages for N400 on credit. A trade discount of 10% and a cash discount of 15% were provided. A. N60 B. N90 C. N40 D. N100 Correct Answer: Option A –...
by Sunday | Dec 2 | Accounting JAMB
Use the information below to answer the question. Adamu Stores bought accessories from Mu’azu Beverages for N400 on credit. A trade discount of 10% and a cash discount of 15% were provided. A. N260 B. N300 C. N200 D. N380 Correct Answer: Option B –...
by Sunday | Dec 2 | Accounting JAMB
A. debtors’ account B. creditor’s account C. suspense account D. ledger account Correct Answer: Option B – creditor’s account
by Sunday | Dec 2 | Accounting JAMB
A. six columns, date, particulars, folio, amount, debit and credit B. five columns, date particulars, folio, debit and credit C. three columns, date particulars and folio D. four columns, date particulars, folio and amount Correct Answer: Option B – five...
by Sunday | Dec 2 | Accounting JAMB
Given: Light expenses……………….N400 Purchases……………………N3,000 Sales……………………….N1,200...