by Sunday | Nov 29 | Accounting JAMB
A. The accounting entries for goods stolen in branch will be to debit B. branch stock account and credit branch adjustment account C. branch adjustment account and credit profit and loss account D. branch adjustment account and credit branch stock account Correct...
by Sunday | Nov 29 | Accounting JAMB
A. Managers B. Customers C. Suppliers D. Staff of the company Correct Answer: Option B – Customers Explanation Customer: customers are the one that enjoys discount allowed. It is allowed to them by the suppliers. it can be in cash or...
by Sunday | Nov 29 | Accounting JAMB
A. it serves-as a control during inflation B. it is calculated at the end of the year C. it is progressive in nature D. its flow of cost is in sequence with the flow of stock. Correct Answer: Option D – its flow of cost is in sequence with the flow of stock....
by Sunday | Nov 29 | Accounting JAMB
A. Income and expenditure account B. profit and loss account C. receipts and payment account D. Non-profit account Correct Answer: Option A – Income and expenditure account Explanation Income and expenditure: This is the type of account that operate the same...
by Sunday | Nov 29 | Accounting JAMB
A. increased financial activities B. government intervention C. credit as a factor in business D. Payment for goods in cash Correct Answer: Option A – increased financial activities
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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