by Sunday | Dec 1 | Accounting JAMB
Use the information below to answer this question. A limited liability company has an authorized shares capital of 50 million splits into 100 million shares. 80million shares are offered for subscriptions at 60k per share in full on application. These have been fully...
by Sunday | Dec 1 | Accounting JAMB
Use the following information to answer this question. Provision for bad debt 1500 Additional information 1. Bad debt written off amount to 3000 2. Debtors balance as at the end of the year is 28,000 3. Provision for bad debts stand at 10% A. N2, 800 B. N1, 000 C. N2,...
by Sunday | Dec 1 | Accounting JAMB
A. omission B. commission C. principle D. original entry Correct Answer: Option C – principle
by Sunday | Dec 1 | Accounting JAMB
A. deficit B. surplus C. discount D. shortage Correct Answer: Option A – deficit Explanation A deficit occurs for a nonprofit organization whenever its expenses exceed its revenue . deficit in a non for profit making organization stands for loss and it is the...
by Sunday | Dec 1 | Accounting JAMB
A. prospectus B. memorandum of association C. company law D. articles of association Correct Answer: Option D – articles of association Explanation The article of association center on the rules and regulation governing the internal working of the company. It’s...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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