by Sunday | Nov 30 | Accounting JAMB
A. annual discount B. trade discount C. periodic discount D. cash discount Correct Answer: Option D – cash discount Explanation A cash discount is a deduction allowed by some sellers of goods or by some providers of services in order to motivate customers to pay...
by Sunday | Nov 30 | Accounting JAMB
A. current account B. profit and loss account C. profit and loss appropriation account D. capital account Correct Answer: Option D – capital account Explanation The partnership capital account is an equity account in the accounting records of a partnership. It...
by Sunday | Nov 30 | Accounting JAMB
The amount of the imprest is the same from one organization to another. At the end of a fixed period, the petty cashier received a fixed sum of money. At the end of a period, the petty cashier is reimbursed with the amount spent in that period. The system is a method...
by Sunday | Nov 30 | Accounting JAMB
A. value-added tax B. statutory allocation C. taxes and levies D. recurrent revenue Correct Answer: Option B – statutory allocation Explanation Statutory allocation; this is the grant from the federal government to the state and local...
by Sunday | Nov 30 | Accounting JAMB
A. accounts for notional charges B. records transactions that relate to the period on a cash basis C. records transactions that relate to the period on an accrual basis D. accounts for balance of cash at bank Correct Answer: Option B – records transactions that...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.