by Sunday | Dec 2 | Accounting JAMB
A. debited and debtors credited B. credited and sales returns debited C. debited and cash credited D. credited and bank credited Correct Answer: Option B – credited and sales returns debited Explanation Remember sales ledger control accounts keeps count of all...
by Sunday | Dec 2 | Accounting JAMB
A. previous prices B. current prices C. average rates D. flat rates Correct Answer: Option B – current prices Explanation LIFO is used by firms to lower their tax liabilities at the expense of an outdated inventory value as reflected on the balance...
by Sunday | Dec 2 | Accounting JAMB
1/5/07 Purchased 100 bags of milk at #10.00k each 3/5/07 Purchased 60 bags of milk at #11.50k each 15/5/07 Issued 85 bags of milk 15/5/07 Purchased 180 bags of milk at #12.80K each 22/5/07 Issued 145 bags of milk. A. #862.50 B. #840.00 C. #806.25 D. #750.00 Correct...
by Sunday | Dec 2 | Accounting JAMB
A. Fixed assets B. Current assets C. Trademark D. Gratuity Correct Answer: Option C – Current assets Explanation Special assets are typically private business interests, properties or natural resources that can be difficult to convert directly to more liquid...
by Sunday | Dec 2 | Accounting JAMB
At the end of a financial period, the trading profit and loss account of a sole trader shows a profit of #180,000. it is however discovered that revenue of #15,000 is recorded as expenses while expenses of #4,000 is recorded as revenue. A. #34,000 B. #30,000 C....
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.