by Sunday | Nov 28 | Accounting JAMB
A. members equity B. share capital C. general fund D. surplus fund Correct Answer: Option C – general fund Explanation An accumulated fund is the capital fund of a nonprofit organization. Money is directed into the accumulated fund when revenues are greater than...
by Sunday | Nov 28 | Accounting JAMB
A. how profits or losses are to be shared B. the capital to be contributed annually C. how salaries are paid to employees D. the profit that should be earned annually Correct Answer: Option A – how profits or losses are to be shared Explanation A partnership...
by Sunday | Nov 28 | Accounting JAMB
Earnings per share 47k Dividends per share 30k Per value of each share N1.20 market price per share NM1.50 A. N3.91 B. N3.19 C. N2.95 D. N2.55 Correct Answer: Option B – N3.19 Explanation Price-earnings ratio, also known as P/E ratio, is a tool that is...
by Sunday | Nov 28 | Accounting JAMB
Earnings per share 47k Dividends per share 30k Per value of each share N1.20 market price per share NM1.50 A. N20.00% B. N25.00% C. N31.33% D. N39.17% Correct Answer: Option C – N31.33% Explanation The earnings yield refers to the earnings per share for...
by Sunday | Nov 28 | Accounting JAMB
A. uncredited cheques B. direct payments by bank C. bank charged D. unpresented cheques Correct Answer: Option D – unpresented cheques Explanation we will look at the way in which a business deals with any differences between the balance of the bank account in...