by Sunday | Dec 2 | Accounting JAMB
Purchasers – #44,880 Sales – #85,850 Trade creditors – #12,250 Trade debtors – #24,000 Accrued expenses – # 350 Prepaid expenses – # 700 Stock 1/1/2006 – #25,120 Stock 31/12/2006 – #27,840 A. 1 B. 2 C. 3 D. 4...
by Sunday | Dec 2 | Accounting JAMB
Purchasers – #44,880 Sales – #85,850 Trade creditors – #12,250 Trade debtors – #24,000 Accrued expenses – # 350 Prepaid expenses – # 700 Stock 1/1/2006 – #25,120 Stock 31/12/2006 – #27,840 A. 1:94:1 B. 1:96:1 C....
by Sunday | Dec 2 | Accounting JAMB
A. trading accounts B. profit and loss account C. balance sheet D. source and application of fund Correct Answer: Option C – balance sheet Explanation A balance sheet is a financial statement that reports a company’s assets, liabilities and...
by Sunday | Dec 2 | Accounting JAMB
A. application and allotment account and credit unsubscribed shares B. application and allotment account and credit cash C. oversubscribed shares and credit allotment account D. oversubscribed shares and credit allotment account Correct Answer: Option B –...
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...