by Sunday | Nov 30 | Accounting JAMB
A. bank statement and debit note B. cheque book and cashbook C. cheque stub and deposit slip D. payslip and credit invoice Correct Answer: Option A – bank statement and debit note Explanation Bank statement is a printed record of the balance in a bank account...
by Sunday | Nov 30 | Accounting JAMB
A. accrued expenses B. lighting and heating C. salaries and wages D. general expenses Correct Answer: Option A – accrued expenses Explanation Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period...
by Sunday | Nov 30 | Accounting JAMB
A. accounting ratios B. income and expenditure extract C. balance sheet extract D. found accounting Correct Answer: Option A – accounting ratios Explanation Accounting ratio is the comparison of two or more financial data which are used for analyzing the...
by Sunday | Nov 30 | Accounting JAMB
A. return on capital employed B. gross profit margin C. net profit margin D. return on equity Correct Answer: Option A – return on capital employed Explanation Return on capital employed or ROCE is a profitability ratio that measures how efficiently a company...
by Sunday | Nov 30 | Accounting JAMB
A. business decision making B. due process in business C. motivating employees D. determining the work force Correct Answer: Option A – business decision making Explanation Objectives of accounting in any business are; systematically record transactions, sort...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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