by Sunday | Nov 30 | Accounting JAMB
Departments K Y Opening 2,500 800 Purchases 120,000 100,000 Sales 180,000 200,000 Salary 8,000 30,000 Closing stock 3,000 1,500 Rate expenses of 1,500 are apportioned in the ratio 1:2 A. # 60,700 B. #23,500 C. #60,500 D. #82,500 Correct Answer: Option C –...
by Sunday | Nov 30 | Accounting JAMB
A. helps in the preparation of the balance sheet B. prevents fraud and theft of item of the business C. serves as a book of instruction to the bookkeeper D. help the banking industry to be efficient Correct Answer: Option B – prevents fraud and theft of item of...
by Sunday | Nov 30 | Accounting JAMB
A. #184, 000 B. #196,500 C. #212,000 D. #168,500 Correct Answer: Option D – #168,500 Explanation The net working capital formula is calculated by subtracting the current liabilities from the current assets. Assets = 190,500 liabilities = 14,000 + 8,000 = 22,000...
by Sunday | Nov 30 | Accounting JAMB
Balance as per cashbook 2, 970 Bank Charges 220 Unpresented cheques 3, 950 Uncredited cheques 4, 178 Direct debit by bank 1, 0000 A. # 1,978 B. # 1962 C. # 1,522 D. # 2,522 Correct Answer: Option D – #...
by Sunday | Nov 29 | Accounting JAMB
A. bank account and credit joint venture account B. expenses account and credit bank account C. joint venture account and credit expenses account D. joint venture account and credit bank account Correct Answer: Option D – joint venture account and credit bank...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.