by Sunday | Dec 1 | Accounting JAMB
A. can be easily calculated B. show errors and frauds C. facilitate decision making D. are stipulated by law Correct Answer: Option C – facilitate decision making Explanation Accounting ratios helps management in taking decision the totality of the activities in...
by Sunday | Nov 30 | Accounting JAMB
A. potential merger candidates for the company B. appropriate remunerations for the company’s staff C. future cash flows of the company D. future tax payments of the company Correct Answer: Option C – future cash flows of the company Explanation The average...
by Sunday | Nov 30 | Accounting JAMB
A. return inward B. sales figure C. cost of sales D. return outward Correct Answer: Option B – sales figure Explanation This is so because returns inwards are deducted from sales to ascertain the actual sales made after subtracting defected...
by Sunday | Nov 30 | Accounting JAMB
Use the following information to answer this question. Club building 400,000 Subscription prepaid 3,000 Sport kits 150,000 Bar creditors 85,000 Subscription owing 32,000 A. N11, 700 B. N26, 700 C. N88, 000 D. N85, 000 Correct Answer: Option C – N88, 000...
by Sunday | Nov 30 | Accounting JAMB
A. the accounting system is error-free B. equal debit entries and credit entries were recorded for each transaction C. the debit and credit from the journal were posted to the accounts D. account balances were correctly computed Correct Answer: Option A – the...