by Sunday | Nov 30 | Accounting JAMB
A. objects and their alteration B. location of business C. bank signatories D. powers of directors Correct Answer: Option C – bank signatories Explanation The memorandum of association is the document that sets up the company and the articles of association set...
by Sunday | Nov 30 | Accounting JAMB
A. debit bad debts accounts and credit bad debt recovered account B. debit debtors accounts and recovered account C. debit bad debts recovered account and credit bad debts account D. debit bad debts account and credit profit and loss account Correct Answer: Option D...
by Sunday | Nov 30 | Accounting JAMB
A. 28 days B. 42 days C. 27 days D. 23 days Correct Answer: Option A – 28 days Explanation Average stock/cost of sales x 365days. 23,000 ÷ 300,000 x 365 = 27.9 (Approximately 28 days)
by Sunday | Nov 30 | Accounting JAMB
A. measures operating efficiency of a company B. measures the ability of a company to meet its current obligations. C. measures the value of investments of a company D. measures the financial leverage of a company Correct Answer: Option B – measures the ability...
by Sunday | Nov 30 | Accounting JAMB
A. marching B. consistency C. realization D. prudency Correct Answer: Option D – prudency Explanation Prudence Concept or Conservatism principle is a key accounting principle which makes sure that assets and income are not overstated and provision is made for...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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