by Sunday | Dec 9 | Accounting JAMB
Bar opening stock N10,000 Amount owed to bar suppliers at the end the beginning of the year N10,000 Bar sales N50,000 Bar credit purchases N40,000 Payment to suppliers N30,000 Bar expenses N1,000 Bar closing stock N15,000 A. N50,000 B. N40,000 C. N30,000 D. N20,000...
by Sunday | Dec 9 | Accounting JAMB
Bar opening stock N10,000 Amount owed to bar suppliers at the end the beginning of the year N10,000 Bar sales N50,000 Bar credit purchases N40,000 Payment to suppliers N30,000 Bar expenses N1,000 Bar closing stock N15,000 A. N20,000 B. N15,000 C. N14,000 D. N10,000...
by Sunday | Dec 9 | Accounting JAMB
Given: Direct material N2,500 Direct labour N5,000 Direct expenses N1,000 Overhead expenses N1,500 A. N8,500 B. N7,500 C. N6,500 D. 6,000 Correct Answer: Option A – N8,500
by Sunday | Dec 9 | Accounting JAMB
Given: 31/12/98 31/12/99 Assets: Plant and Mach. N1,500 N1,200 Fixtures N700 N520 Stock N500 N600 Debtors N900 N400 Cash N200 N300 Liabilities: Creditor N500 N600 Loan N600 N400 A. N2,200 B. N2,020 C. N1,720 D. N2,070 Correct Answer: Option B –...
by Sunday | Dec 9 | Accounting JAMB
Purchases ledger opening balances N4,000 Sales ledger opening balances N6,000 Credit purchases during the year N25,000 Discounts allowed N1,000 Returns inwards N2,000 Credit sales during the year N10,000 Returns outwards N6,000 A. N4,000 B. N23,000 C. N24,000 D....
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