by Sunday | Nov 29 | Accounting JAMB
A. trading account B. appropriation account C. balance street D. profit and loss account Correct Answer: Option D – profit and loss account Explanation profit and loss account: the depreciation of the office machine is considered as part of administrative...
by Sunday | Nov 29 | Accounting JAMB
A. trading account B. appropriation account C. balance sheet D. profit and loss account Correct Answer: Option B – appropriation account Explanation Appropriation account is the account into which the net profit found in the profit and loss account of the...
by Sunday | Nov 29 | Accounting JAMB
A. Subscription B. shares C. donation D. gift Correct Answer: Option B – shares Explanation Share: profit making organizations use different shares such as ordinary and preference shares to source for money from the...
by Sunday | Nov 29 | Accounting JAMB
A. partners capital account B. revaluation account C. partners current account D. Realization account Correct Answer: Option D – Realization account Explanation Realization account: the cash realized from sales of asset is credited to...
by Sunday | Nov 28 | Accounting JAMB
A provision for bad debt account had N33,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/20% of annual credit sales, what was the credit sales for the period? A. N210,000 B. N844,400 C. N840,000 D....
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.