Accounting JAMB

Purchases can be ascertained through the preparation of a?

A. stock account
B. sales account
C. total debtors control account
D. total creditors control account

Correct Answer:

Option A – stock account

Sunday

Next When stock is withdrawn for personal use; the accounting entries is to debit »

Previous « Clifford pays rent of #200 per month for premises; He paid #2800 within the year. Compute the prepayment.

Share

Published by

Sunday

Tags: Accounting

5 years ago

Recent Posts

Theory Question

ETM 312 Theory Questions: Land Law and the Consequences of Unauthorized Land Transfers in Nigeria

300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

Theory Question

ETM 312 Theory Questions: Co-Ownership Structures and Land Acquisition Methods in Nigeria

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

Theory Question

ETM 312 Theory Questions: Rights in Community Land and Fundamental Land Concepts in Nigeria

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

Theory Question

ETM 312 Theory Questions: Customary Land Control and the Origins of Nigeria’s Land Use Act

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

Theory Question

ETM 312 Theory Questions: Land Ownership Principles and Transaction Laws in Nigeria

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

Theory Question

ETM 226 Theory Questions: Trespass: Types and Defenses in Property Law

200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…

5 months ago

L