by Sunday | Nov 30 | Accounting JAMB
A. Quality in terms of records B. Simplicity in terms of operation C. Accuracy in terms of operation D. Completeness in terms of records Correct Answer: Option B – Simplicity in terms of operation Explanation Advantages Of Single Entry System: Single entry...
by Sunday | Nov 30 | Accounting JAMB
Use the information below to answer this question Segun Ojo, didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, bank overdraft 3500, debtor 15,500,stock 18,000, fittings 9,000 and creditors 12,700. As at Dec, 2014, cash in hand was...
by Sunday | Nov 30 | Accounting JAMB
A. error of principle B. error of commission C. error of original entry D. compensating error Correct Answer: Option C – error of original entry Explanation An error of original entry occurs when an incorrect amount is posted to the correct account. A particular...
by Sunday | Nov 30 | Accounting JAMB
Use the information below to answer this question. A business has three departments x, y and z You are given the following information Selling and distribution expenses N5200 Rent for the yearN6000 Department turnover floor space in square metres X = N60,000 80 Y =...
by Sunday | Nov 30 | Accounting JAMB
A. equally B. in accordance with an established C. in proportion of current account balances D. in proportion of weighted average of capital Correct Answer: Option A – equally Explanation profit or loss are expected to be shared equally in the absence of any...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.