by Sunday | Dec 2 | Accounting JAMB
A. clearing B. truncation C. holding D. confirmation Correct Answer: Option A – clearing
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