by Sunday | Nov 28 | Accounting JAMB
subscription received during the year N30,000. Subscription owed last year N4,000. subscription received for next year N6,000. A. capital B. fixed asset C. current liability D. current asset Correct Answer: Option C – current liability Explanation A...
by Sunday | Nov 28 | Accounting JAMB
A club received a rent of N10,000 and a donation of N30,000. it paid N6,000 for entertainment and is still owing N16,000. The balance of the receipts and payments account is? A. N14,000 B. N24,000 C. N8,000 D. N42,000 Correct Answer: Option A = N14,000 Explanation...
by Sunday | Nov 28 | Accounting JAMB
A. the former have voting rights while the latter does not B. in the case of winding up, the former are paid first before the latter C. the latter are not members of the company while the former is D. the former receives dividends while the latter do not Correct...
by Sunday | Nov 28 | Accounting JAMB
A. double entry B. single entry C. complete records D. statement of affairs Correct Answer: Option B – single entry Explanation The Conversion Method of Single Entry System is a more scientific way of preparation of Final Accounts from Incomplete Records. It is...
by Sunday | Nov 28 | Accounting JAMB
A. indirect expense B. direct expense C. indirect material D. direct material Correct Answer: Option B – direct expense Explanation To answer this question, we need to understand what the underlisted terms mean separately. Direct materials are those materials...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.