by Sunday | Nov 30 | Accounting JAMB
A. Returns outwards B. Discount Received C. Bad debts D. Purchases Correct Answer: Option D – Purchases Explanation some of the items found on the credit side of the creditor’s ledger control account include bank, carriage, credit purchases,...
by Sunday | Nov 30 | Accounting JAMB
A. income and expenditure account B. cashbook C. purchases day book D. sales journal Correct Answer: Option C – purchases day book
by Sunday | Nov 30 | Accounting JAMB
A. #36,902 B. #27,502 C. #12,498 D. #43,098 Correct Answer: Option A – #36,902 Explanation opening balance = 12,202 + cash recieved = 40,000 = 52,202 less closing balance = 52,202 – 15,300 = 36902 (Amount spent during the...
by Sunday | Nov 30 | Accounting JAMB
A. real and nominal accounts B. nominal and personal accounts C. real and current accounts D. personal and real accounts Correct Answer: Option A – real and nominal accounts Explanation IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This...
by Sunday | Nov 30 | Accounting JAMB
A. general expenses B. recurrent expenditure C. revenue expenditure D. capital expenditure Correct Answer: Option D – capital expenditure Explanation Capital expenditure: money spent by a business or organization on acquiring or maintaining fixed assets, such as...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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