by Sunday | Dec 2 | Accounting JAMB
A. six columns, date, particulars, folio, amount, debit and credit B. five columns, date particulars, folio, debit and credit C. three columns, date particulars and folio D. four columns, date particulars, folio and amount Correct Answer: Option B – five...
by Sunday | Dec 2 | Accounting JAMB
Given: Light expenses……………….N400 Purchases……………………N3,000 Sales……………………….N1,200...
by Sunday | Dec 2 | Accounting JAMB
Deducted the smaller side figure from the bigger side figure. Add up both side Take the difference to the smaller and add to the smaller figure A. ii, i and iii B. i, iii and ii C. ii, iii and i D. i, ii and iii Correct Answer: Option B – i, iii and...
by Sunday | Dec 2 | Accounting JAMB
A. mathematical accuracy in trial balance B. balances at the bank C. increase in the assets and liabilities D. balance of cash account Correct Answer: Option A – mathematical accuracy in trial balance
by Sunday | Dec 2 | Accounting JAMB
A. debited and credited respectively B. credited C. credited and debited respectively D. debited Correct Answer: Option B – credited