by Sunday | Nov 29 | Accounting JAMB
A. Assets + Liability = Equity B. Assets + Equity = Liabilities C. Liabilities + Equity = Asset D. Liabilities + Equity = Net assets Correct Answer: Option C – Liabilities + Equity = Asset Explanation Liabilities + Equity = Asset is given as the fundamental...
by Sunday | Nov 29 | Accounting JAMB
A. Bank balance decrease and cash balance increase B. bank balance decrease and cash balance decrease C. cash balance increase and bank balance increase D. cash balance decrease and bank balance increase Correct Answer: Option D – cash balance decrease and bank...
by Sunday | Nov 29 | Accounting JAMB
A. Federal government B. state government C. local government D. municipal government Correct Answer: Option C – local government
by Sunday | Nov 29 | Accounting JAMB
A. Consolidated Revenue Fund B. Consolidated Reserve Fund C. Special Operational Fund D. General-Reserve Fund Correct Answer: Option A – Consolidated Revenue Fund Explanation consolidation revenue fund generates its revenue through an allocation from the...
by Sunday | Nov 29 | Accounting JAMB
A. received from a creditor B. allowed to a debtor C. received from a debtor D. allowed to a creditor Correct Answer: Option B – allowed to a debtor Explanation Allowed to a debtor: the debit side of the cashbook is where all proceeds from sales are recorded and...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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