by Sunday | Dec 1 | Accounting JAMB
Opening stock of raw materials – #75,000 Purchase of raw materials – #330,000 Closing stock of raw materials – #80,000 Direct wages – #30,000 Carriages of raw materials – #10,000 A. #495,000 B. #415,000 C. #325,000 D. #305,000 Correct...
by Sunday | Dec 1 | Accounting JAMB
A. goods available for sale B. goods sold C. goods manufactured D. materials put into production Correct Answer: Option C – goods manufactured Explanation The cost of goods manufactured equation is calculated by adding the total manufacturing costs; including...
by Sunday | Dec 1 | Accounting JAMB
A. discount B. sales commission C. manufacturing profit D. factory reserves Correct Answer: Option C – manufacturing profit Explanation The Manufacturing Profit, is the excess of transfer value of goods manufactured over their actual production...
by Sunday | Dec 1 | Accounting JAMB
Given: Drawings – #3,500 Net loss – #2,500 Capital 1/1/2007 – #35,000 Additional capital – #10,000 A. #35,000 B. #39,000 C. #45,000 D. #46,000 Correct Answer: Option B Explanation Adjusted capital= capital + additional capital –...
by Sunday | Dec 1 | Accounting JAMB
A. closing capital less opening capital add drawings B. opening capital less closing capital add drawings C. opening capital less drawings add closing capital D. opening capital add closing add drawings Correct Answer: Option A – closing capital less opening...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.