by Sunday | Dec 2 | Accounting JAMB
A. ledger book B. payment book C. vote book D. expenditure book Correct Answer: Option C – vote book Explanation A vote book is an accounts book which is used to record. and monitor expenditure in the public...
by Sunday | Dec 2 | Accounting JAMB
A. Market fees B. Bicycle licenses C. Tariffs D. Property rates Correct Answer: Option C – Tariffs Explanation Tariff is a tax or duty to be paid on a particular class of imports or exports. It is a source of revenue to the government because these taxes are...
by Sunday | Dec 2 | Accounting JAMB
Purchasers – #44,880 Sales – #85,850 Trade creditors – #12,250 Trade debtors – #24,000 Accrued expenses – # 350 Prepaid expenses – # 700 Stock 1/1/2006 – #25,120 Stock 31/12/2006 – #27,840 A. 1 B. 2 C. 3 D. 4...
by Sunday | Dec 2 | Accounting JAMB
Purchasers – #44,880 Sales – #85,850 Trade creditors – #12,250 Trade debtors – #24,000 Accrued expenses – # 350 Prepaid expenses – # 700 Stock 1/1/2006 – #25,120 Stock 31/12/2006 – #27,840 A. 1:94:1 B. 1:96:1 C....
by Sunday | Dec 2 | Accounting JAMB
A. trading accounts B. profit and loss account C. balance sheet D. source and application of fund Correct Answer: Option C – balance sheet Explanation A balance sheet is a financial statement that reports a company’s assets, liabilities and...
by Sunday | Dec 2 | Accounting JAMB
A. application and allotment account and credit unsubscribed shares B. application and allotment account and credit cash C. oversubscribed shares and credit allotment account D. oversubscribed shares and credit allotment account Correct Answer: Option B –...