by Sunday | Dec 1 | Accounting JAMB
Given: Opening capital – #50,000 Closing capital – #64,000 Drawings – #16,000 A. #2,000 B. #14,000 C. #20,000 D. #30,000 Correct Answer: Option D – #30,000 Explanation closing capital – opening capital + drawings 64,000 – 50,000...
by Sunday | Dec 1 | Accounting JAMB
1/1/2010 – 31/12/2010 Creditors – #9,000 #9,800 Rent owing – #3,800 #2,500 Rates prepaid – #2,000 #3,500 Motor van – #8,000 #8,000 Premises – #10,000 #10,500 A. #8,700 B. #9,500 C. #9,700 D. #10,700 Correct Answer: Option C...
by Sunday | Dec 1 | Accounting JAMB
1/1/2010 31/12/2010 Creditors – #9,000 #9,800 Rent owing – #3,800 #2,500 Rates prepaid – #2,000 #3,500 Motor van – #8,000 #8,000 Premises – #10,000 #10,500 A. #5,700 B. #7,700 C. #9,800 D. #14,900 Correct Answer: Option B –...
by Sunday | Dec 1 | Accounting JAMB
A. purchases day book B. cash book C. income and expenditure account D. sales journal Correct Answer: Option B – cash book
by Sunday | Dec 1 | Accounting JAMB
A. LIFO B. FIFO C. Simple average D. Weighted average Correct Answer: Option B – FIFO Explanation FIFO is a method of stock valuation that stands for ‘First-In, First-Out’. This assumes that the first (oldest) units of stock produced or received are...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.