by Sunday | Nov 28 | Accounting JAMB
A. Imprest B. float C. cash advance D. cash Correct Answer: Option A – Imprest Explanation The word ‘imprest’ means ‘advance amount’ given to certain person to make petty payments. It is a system of petty cash book where a person (petty...
by Sunday | Nov 28 | Accounting JAMB
A. detect fraud B. attest to financial statements C. measure performance D. protect shareholders Correct Answer: Option C – attest to financial statements Explanation The role of accounting in business is to help internal and external stakeholders make better...
by Sunday | Nov 28 | Accounting JAMB
Kakaku limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/2106. The company’s policy, provides for 15%bad debt annually. Which of the following represents the total balance of debtors before adjustment? A. N6,120,000...
by Sunday | Nov 28 | Accounting JAMB
N sales 20,000 cost of sales 10,000 operating expenses 2,500 expenses prepaid included in operating expenses 500 A. 100% B. 50% C. 40% D. 30% Correct Answer: Option B – 50% Explanation Gross profit margin is a financial metric used to assess a company’s...
by Sunday | Nov 28 | Accounting JAMB
N sales 20,000 cost of sales 10,000 operating expenses 2,500 expenses prepaid included in operating expenses 500 A. N12,500 B. N10,000 C. N8,000 D. N7,500 Correct Answer: Option D – N7,500 Explanation Net profit, also referred to as the bottom line, net...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.