by Sunday | Dec 1 | Accounting JAMB
A. credit real accounts B. debit real accounts C. credit the ledger D. debit the ledger Correct Answer: Option C – credit the ledger Explanation For every debit entry, there must be a corresponding credit entry. Hence we credit the...
by Sunday | Dec 1 | Accounting JAMB
A. Maintenance of office machine B. Purchase of office stationery C. Carriage inwards D. Purchase of office machinery Correct Answer: Option D – Purchase of office machinery Explanation capital expenditures are money spent by a business or organization on...
by Sunday | Dec 1 | Accounting JAMB
A. nominal roll of employees B. record of number of hours worked C. effort of the employee D. record of number of dependants per employee Correct Answer: Option B – record of number of hours worked
by Sunday | Dec 1 | Accounting JAMB
A. Federation account B. Petroleum Technology Development Fund C. Central Bank Account D. Development fund Correct Answer: Option A – Federation account
by Sunday | Dec 1 | Accounting JAMB
Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of #1.50k. Application and allotment were received for 900,000 shares at 25k each. A. #675,000 B. #975,000 C. #1,350,000 D. #1,950,000 Correct Answer: Option D –...