by Sunday | Dec 9 | Accounting JAMB
A. uncredited cheques B. direct payments by bank C. bank charges D. unpresented cheques Correct Answer: Option D – unpresented cheques
by Sunday | Dec 9 | Accounting JAMB
A. debtor’s account and credit provision for bad debt B. bad debt account and credit debtor’s account C. debtor’s account credit bad debt D. provision for bad debt account and credit debtor’s account Correct Answer: Option B – bad debt...
by Sunday | Dec 9 | Accounting JAMB
On November 1, 1998, Zaria Holdings owed N13,600 in respect of a creditor. On November 15, it purchases goods worth N69,000 and paid a cheque for N51,600. On November 29, one of the Holdings’ cheques worth N3,000 was returned while the creditor granted a N1,500...
by Sunday | Dec 9 | Accounting JAMB
Given: Authorized Capital: N 100,000 ordinary shares of N 1 cash Issued and fully paid: 50,000 ordinary shares of N 1 each 50,000 10, 000 8% preference shares of N 1 each Reserves 10,000 Creditors 25,000 Debtors 13 000 Cash in hand 5000 A. N 60,000 B. N75,000 C....
by Sunday | Dec 9 | Accounting JAMB
Given: Authorized Capital: N 100,000 ordinary shares of N 1 cash Issued and fully paid: 50,000 ordinary shares of N 1 each 50,000 10, 000 8% preference shares of N 1 each Reserves 10,000 Creditors 25,000 Debtors 13 000 Cash in hand 5000 A. N 43,000 B. N 28,000 C....
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