by Sunday | Dec 2 | Accounting JAMB
Given: The Memorandum of Association of the Company The Article of Association of the Company The Incorporation documents A. i and ii B. i, ii and iii C. i and iii D. ii and iiii Correct Answer: Option B – i, ii and iii Explanation Documents presented to...
by Sunday | Dec 2 | Accounting JAMB
A. business purchase account and ordinary share capital account B. Business purchase account, vendor account and ordinary share capital account C. business purchase account and vendor account D. ordinary share capital account, vendor account and unpaid share capital...
by Sunday | Dec 2 | Accounting JAMB
Ngozi and Musa with a capital of #30,000 each decide to admit Mary into the partnership business with a capital of #20,000 and goodwill #15,000. If the profits and losses are to be shared equally, the journal entries to record goodwill are A. debit goodwill #15,000,...
by Sunday | Dec 2 | Accounting JAMB
A. Using the partners’ profit and loss sharing ratio B. By neglecting the ratio of partners capital contributions C. By sharing it unequally among the partners where no agreement exists D. By sharing it among the active partners only Correct Answer: Option A...
by Sunday | Dec 2 | Accounting JAMB
The partners capital are: Modibbo #60,000 and Jakata #90,000. The partners share profit and losses in the ratio of their capital contributions. The net profit for the year is #12,000. A. 3:5 B. 1:2 C. 2:5 D. 1:5 Correct Answer: Option D –...
by Sunday | Dec 2 | Accounting JAMB
The partners capital are: Modibbo #60,000 and Jakata #90,000. The partners share profit and losses in the ratio of their capital contributions. The net profit for the year is #12,000. A. #62,000 B. #48,000 C. #44,000 D. #43,000 Correct Answer: Option B –...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.