by Sunday | Dec 1 | Accounting JAMB
i. Direct materials ii.Direct labour iii.Direct expenses iv. Factory expenses A. i, ii and iii B. i, ii and iv C. i, iii and iv D. ii, iii and iv Correct Answer: Option A – i, ii and iii Explanation Prime cost is the direct cost of a commodity in terms of the...
by Sunday | Dec 1 | Accounting JAMB
A. Direct materials B. Direct labour C. Administrative overhead D. Work-in-progress Correct Answer: Option C – Administrative overhead Explanation Administrative overhead is those costs not involved in the development or production of goods or services. This is...
by Sunday | Dec 1 | Accounting JAMB
A. Subscriptions received in advance B. Subscriptions due not yet received C. Accrued expenses on annual dances D. Depreciation of the club house Correct Answer: Option A – Subscriptions received in advance Explanation A receipts and payments account is a...
by Sunday | Dec 1 | Accounting JAMB
A. deducted from the cost of goods completed during this year B. added to the cost of goods completed C. stated in the profit and loss account D. stated in the prime cost section Correct Answer: Option A – deducted from the cost of goods completed during this...
by Sunday | Dec 1 | Accounting JAMB
Purchase of raw materials – #330,000 Closing stock of raw materials – #80,000 Direct wages – #30,000 Carriages of raw materials – #10,000 A. #525,000 B. #515,000 C. #465,000 D. #370,000 Correct Answer: Option D – #370,000...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.