by Sunday | Dec 1 | Accounting JAMB
A. records data while the latter interprets B. is regarded as the language of the business while the latter ascertain its strength C. interprets data while the latter records it D. summarises information while the latter communicates it Correct Answer: Option A...
by Sunday | Dec 1 | Accounting JAMB
A. revaluation surplus B. pre-incorporation profit C. share premium D. general reserves Correct Answer: Option D – general reserves Explanation General reserves are not a form of capital reserves. It is considered as revenue...
by Sunday | Dec 1 | Accounting JAMB
A. cash B. cheques C. debtors D. stocks Correct Answer: Option C – debtors Explanation The income and expenditure account unlike the receipts and payments takes records of accruals and prepayment
by Sunday | Dec 1 | Accounting JAMB
Use the information below to answer this question. Jejelaye Plc stock records for 2009 was given below: Jan 1 received 100 units at N1.00 Jan 8 received 260 units at N1.05 Jan 20 issued 700units at ______ Feb 3 received 400 units at N1.15 A. N1.183 B. N1.025 C. N1.00...
by Sunday | Dec 1 | Accounting JAMB
A. N7950 B. N8050 C. N7050 D. N8950 Correct Answer: Option A – N7950 Explanation The gross profit percentage of sales would be 20% x N 10,000 = N 2000 If cost of sales + gross profit = N 10,000 = N 2000 :. N 8000 + N 2000 = N 10,000 If cost of goods available...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.