by Sunday | Dec 1 | Accounting JAMB
A. credit sales account and debit Patrick’s account B. credit generator account and debit cash account C. credit sales account and debit cash account D. credit generator account and debit Patrick’s account Correct Answer: Option D – credit generator account and...
by Sunday | Dec 1 | Accounting JAMB
A. fictitious assets B. liquid assets C. wasting assets D. tangible assets Correct Answer: Option A – fictitious assets Explanation preliminary expenses are just like other assets but are unrealizable. Preliminary expenses are those expenses that are incurred...
by Sunday | Dec 1 | Accounting JAMB
A. indirect costs may be controlled B. cost units could gather overhead as they pass through cost centres C. variable costs may be controlled D. common costs are shared among cost centres Correct Answer: Option D – common costs are shared among cost centres...
by Sunday | Dec 1 | Accounting JAMB
A. appreciation B. amortization C. provisions D. depreciation Correct Answer: Option D – depreciation Explanation Depreciation is the reduction in the service potential of an asset as a result of wear and...
by Sunday | Dec 1 | Accounting JAMB
The imprest of a petty cashier is N2450 Expenses on Printing 420 Cleaning 250 Stamp and postage 175 A. N1, 605 B. N875 C. N2, 450 D. N1, 300 Correct Answer: Option B – N875 Explanation An imprest system is a form of a financial accounting system. The most...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.