by Sunday | Dec 1 | Accounting JAMB
Given: Opening capital – #1,500 Capital introduced – # 500 Profit for the year – # 800 Cash drawings – # 250 A. #2,550 B. #2,500 C. #2,350 D. #2,250 Correct Answer: Option A – #2,550 Explanation Closing capital = Opening Capital +...
by Sunday | Dec 1 | Accounting JAMB
Sales – #232,000 Opening stock – # 28,000 Purchases – #128,000 Carriage inwards – # 4,000 Carriage outwards – # 6,000 Closing stock – # 10,000 Discount received – # 18,000 Expenses – # 20,000 A. #100,000 B....
by Sunday | Dec 1 | Accounting JAMB
A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000. A. #4,000 B. #7,000 C. #11,000 D. #24,000 Correct Answer: Option A – #4,000 Explanation 35,000 – 15000 = 20000 20000/ 5=...
by Sunday | Dec 1 | Accounting JAMB
i. The amount of the imprest is the same from one organization to another ii. At the end of a fixed period, the petty cashier received a fixed sum of money. iii. At the end of a period, the petty cashier is reimbursed with the amount spent in that period. iv. The...
by Sunday | Dec 1 | Accounting JAMB
A. discount received account and credit Alaka’s account B. Alaka’s account and credit discount received account C. Saka’s account and credit discount received account D. discount allowed account and credit Alaka’s account Correct Answer: Option...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.