by Sunday | Nov 30 | Accounting JAMB
A. fixed assets + current assets – liabilities = capital B. fixed assests + current assests + liabilities = capital C. fixed assets – liabilities + current assets = capital D. fixed asset + current asset – capital = liabilities Correct Answer: Option B –...
by Sunday | Nov 30 | Accounting JAMB
A. unpresented cheques B. uncredited cheques C. statement of account D. aggregate balance as per cash book Correct Answer: Option B – uncredited cheques Explanation Dishonoured cheques are those which are refused payment by the bank because they are not in order...
by Sunday | Nov 30 | Accounting JAMB
A. cash, credit sales B. sales, credit cash C. bank, credit cash D. bank, credit sales Correct Answer: Option D – bank, credit sales Explanation Debit Bank Account and Credit sales – this highlights that you have taken the cash “out of your pocket” and put...
by Sunday | Nov 30 | Accounting JAMB
CR. DR. Sales ledger balance 9, 500 Sales ledger balance 420 Bought ledgers balance 6, 115 Bought ledger balance 350 Credit sales 82, 000 Purchases journal 54, 700 Discount allowed 450 Discount received 200 Cash refunded to customers (debtors) 120 Purchases ledger...
by Sunday | Nov 30 | Accounting JAMB
A. 260 units at N1.50 B. 700 units at N1.50 C. 200 units at N1.50 and 500 units at N1.00 D. 350 units at N1.50 and 350 units at N1.00 Correct Answer: Option A – 260 units at N1.50 Explanation Given that a maximum of 260 units can be taken from the last receipt,...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.