by Sunday | Nov 30 | Accounting JAMB
A. debit note B. cheque C. credit note D. payment voucher Correct Answer: Option C – credit note Explanation A credit note is a letter sent by the supplier to the customer notifying the customer that he or she has been credited a certain amount due to an error...
by Sunday | Nov 30 | Accounting JAMB
Use the information below to answer this question. Timo and Chris are computer engineers who went into partnership as Teachi and Co. Timo brought cash of N12,000 furniture worth of N18,000 and vehicle worth of 70,000. Chris equally brought in cash of 10,000 his...
by Sunday | Nov 30 | Accounting JAMB
A. Materiality B. Accrual C. Going concern D. Business entity Correct Answer: Option A – Materiality Explanation Materiality states that only items of material values are recorded e.g. the cost of a stapler should not be capitalized but expensed just as kitchen...
by Sunday | Nov 30 | Accounting JAMB
A. expenses which can be identified with an allocated to cost centers B. aggregate direct material cost, direct labour cost and variable direct expenses C. the cost taken into account in the production process whether direct or indirect D. the cost of commodities...
by Sunday | Nov 30 | Accounting JAMB
A. drawing account B. capital account C. Creditor account D. Appropriation account Correct Answer: Option B – capital account Explanation The Major Difference Of The Financial Statement between a Sole Proprietorship And Partnership is More than one capital...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.