by Sunday | Dec 1 | Accounting JAMB
Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500 Cash balance #4,956 Debtors # 905 A. #8,553 B. #8,263 C. #7,940 D. #1,228 Correct Answer: Option B –...
by Sunday | Dec 1 | Accounting JAMB
Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500 Cash balance #4,956 Debtors # 905 A. #10,361 B. #10,651 C. #17,396 D. #17,848 Correct Answer: Option B –...
by Sunday | Dec 1 | Accounting JAMB
If machine X cost #600,000 with anticipated life span of five years and estimated scrap value of #50,000, using straight-line method; depreciation charged for two years will be A. #700,000 B. #240,000 C. #220,000 D. #202,000 Correct Answer: Option C –...
by Sunday | Dec 1 | Accounting JAMB
If goods were bought from Tanko at a cost price of #9,000 with a cash discount of 5%, how much will be paid assuming prompt payment was made? A. #4,500 B. #8,550 C. #9,000 D. #9,450 Correct Answer: Option B – #8,550
by Sunday | Dec 1 | Accounting JAMB
A. debit cash book and credit drawer B. credit cash book and debit drawer C. debit cash book and credit suspense account D. credit cash book and debit suspense account Correct Answer: Option B – credit cash book and debit...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.