by Sunday | Dec 1 | Accounting JAMB
A. current asset B. current liability C. fixed asset D. intangible asset Correct Answer: Option B – current liability
by Sunday | Dec 1 | Accounting JAMB
A. the total debtors’ account B. the total creditors’ account C. all-day books D. both the debtors and creditors’ accounts Correct Answer: Option A – the total debtors’ account
by Sunday | Dec 1 | Accounting JAMB
A. sales day book B. cash book C. purchases day book D. returns day book Correct Answer: Option B – cash book
by Sunday | Dec 1 | Accounting JAMB
2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each 15/3 Sales 300 books at #900 each A. #801,000 B. #1,100,500 C. #1,160,500 D. #1,175,500 Correct Answer: Option D – #1,175,500
by Sunday | Dec 1 | Accounting JAMB
2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each 15/3 Sales 300 books at #900 each A. #285,000 B. #300,000 C. #570,000 D. #600,000 Correct Answer: Option B – #300,000