by Sunday | Dec 1 | Accounting JAMB
A. carriage inwards B. returns outwards C. discount received D. carriage outwards Correct Answer: Option A – carriage inwards
by Sunday | Dec 1 | Accounting JAMB
A. on profit basis B. according to employee decision C. according to material available D. on equal basis Correct Answer: Option D – on equal basis
by Sunday | Dec 1 | Accounting JAMB
Given: Sales #180,000 Stock 1/1 # 25,000 Purchases #110,000 Sales returns # 1000 Purchases returns # 1,500 Gross profit # 58,000 A. #8000 B. #9,500 C. #12,500 D. #15,500 Correct Answer: Option C –...
by Sunday | Dec 1 | Accounting JAMB
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received in advance #16,400 Subscription received during the year 2009 #38,570 A. #14,200 B. #16,400 C. #18,900 D. #20,500 Correct Answer: Option C –...
by Sunday | Dec 1 | Accounting JAMB
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received in advance #16,400 Subscription received during the year 2009 #38,570 A. #57,470 B. #41,070 C. #40,210 D. #35,300 Correct Answer: Option A –...