by Sunday | Nov 30 | Accounting JAMB
A. payments B. stocking C. delivery D. discounts Correct Answer: Option A – payments Explanation A receipt is a written acknowledgment of having received, or taken into one’s possession, a specified amount of money, goods,...
by Sunday | Nov 30 | Accounting JAMB
Given: # Drawings = 3,500 Net loss = 2,500 Capital 1/1/2007 = 35,000 Additional capital = 10,000 A. #45,000 B. #39, 000 C. #35,000 D. #46,000 Correct Answer: Option B – #39, 000 Explanation capital + Additional capital – Drawings – net loss 35,000...
by Sunday | Nov 30 | Accounting JAMB
A. When goods are received from supplier B. When a trial balance is extracted C. When a buyer is under or overcharged D. When goods are sold to a buyer Correct Answer: Option C – When a buyer is under or overcharged Explanation Debit note is usually issued by...
by Sunday | Nov 30 | Accounting JAMB
A. opening stock will be increased B. net profit will be understood C. net profit will be overstated D. opening stock will be decreased Correct Answer: Option B – net profit will be understood Explanation As a general rule, an increase in any type of business...
by Sunday | Nov 30 | Accounting JAMB
A. Accumulated depreciation B. Retained profit C. Share premium D. Loss on forfeited shares Correct Answer: Option B – Retained profit Explanation Capital reserve is made out of capital profits earned due to the sale of fixed assets at a price greater than its...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.