by Sunday | Dec 2 | Accounting JAMB
A. historical concept B. business entity concept C. periodicity concept D. materiality concept Correct Answer: Option A – historical concept Explanation The historical cost concept (also known as cost principle of accounting) states that the assets and...
by Sunday | Dec 2 | Accounting JAMB
A. cost price B. mark-up C. premium D. margin Correct Answer: Option C – premium Explanation If debentures are issued at a price more than its nominal value (face value) such an issue is called issue at a...
by Sunday | Dec 2 | Accounting JAMB
A. total profit and debtors balance B. general reserve and retained profit C. retained profit and fictitious assets D. total profit less creditors balance Correct Answer: Option D – total profit less creditors balance
by Sunday | Dec 2 | Accounting JAMB
A. authorized by share holders B. shared among the directors C. fully subscribed D. in the share certificate Correct Answer: Option C – fully subscribed Explanation Issued shares are the shares sold to and held by investors of a company. They consist of the...
by Sunday | Dec 2 | Accounting JAMB
Given: Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows; On application 46k On allotment 20k 1st Call 15k 2nd Call 19k A. #230,000 B. #280,000 C. #500,000 D. #550,000...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.