by Sunday | Nov 29 | Accounting JAMB
A. cash discount B. trade discount C. cash transaction D. Bank transaction Correct Answer: Option A – cash discount Explanation A cash discount is a deduction allowed by the seller of goods or by the provider of services in order to motivate the customer to pay...
by Sunday | Nov 29 | Accounting JAMB
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Disposal of assets A. II and IV only B. I, II and IV only C. I, II and III only D. II, III and IV only Correct Answer: Option B – I, II and IV only Explanation...
by Sunday | Nov 29 | Accounting JAMB
A. the partnership experiences super profit B. a new member is admitted C. the business is being expanded D. the business suffers high loss Correct Answer: Option A – the partnership experiences super profit Explanation The partnership experiences super profit:...
by Sunday | Nov 29 | Accounting JAMB
A. sales B. carriage outward C. carriage inward D. opening stock Correct Answer: Option B – carriage outward Explanation Carriage outward: it is the cost of transporting goods from the company to the buyer. it is on the debit side of the profit and loss account...
by Sunday | Nov 29 | Accounting JAMB
₦ Balance as per cashbook 5467 Uncredited cheques 4410 Unpresented cheques 19404 Cheques wrongly debited by bank 1404 A. ₦21,901 B. ₦19,021 C. ₦21,109 D. ₦21,091 Correct Answer: Option A – ₦19,021 Explanation Bank reconciliation statement helps to...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.