by Sunday | Nov 30 | Accounting JAMB
A. single entry account B. a profit and loss account C. a trading account D. a cash book Correct Answer: Option B – a profit and loss account Explanation This is because the income and expenditure account just like the profit and loss account shows the income to...
by Sunday | Nov 30 | Accounting JAMB
Use the information below to answer this question. Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000 and liabilities amounted to N 640,000 A. purchase of business account and credit cash account B. goodwill account and credit...
by Sunday | Nov 30 | Accounting JAMB
A. interest charges B. depreciation C. directors emoluments D. dividends Correct Answer: Option D – dividends Explanation In general accounting, appropriation accounts are mainly prepared by partnerships and limited liability companies (LLCs). They are an...
by Sunday | Nov 30 | Accounting JAMB
A. A premium B. Normal value C. A discount D. A profit Correct Answer: Option B – Normal value Explanation Par value (also known as par, nominal value or face value) is the face value of a bond. Par value for a share refers to the stock value stated in the...
by Sunday | Nov 30 | Accounting JAMB
A. sales account B. delivery van account C. cash account D. profit and loss accounts Correct Answer: Option C – cash account Explanation if there was a Loss on sale, we Debit cash for the amount received, debit all accumulated depreciation, debit the loss on...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.