by Sunday | Nov 28 | Accounting JAMB
A. FIFO B. LIFO C. Average cost method D. LILA Correct Answer: Option D – LILA
by Sunday | Nov 28 | Accounting JAMB
₦ Balance as per cashbook 13560 Unpresented cheques 5120 Dividend received 2000 Uncredited cheque 2300 Bank charges 280 Standing order 600 Balance as per bank statement ? A. ₦10,740 B. ₦11,860 C. ₦16,380 D. ₦17,500 Correct Answer: Option D – ₦17,500 Explanation...
by Sunday | Nov 28 | Accounting JAMB
A. Debit profit and loss account and credit head office account B. Debit head office account and credit cash C. Credit cash and debit profit and loss account D. Credit profit and loss account and debit head office account Correct Answer: Option A – Debit profit...
by Sunday | Nov 28 | Accounting JAMB
Tea and Cup are into a partnership business. Interests on drawings made by partners are at 10% per annum. Tea’s capital is ₦70000 and current balance is ₦50000. He withdrew the following amounts during the year : 3000 on 31st January , 2000 on 31st March, 4000 on 1st...
by Sunday | Nov 28 | Accounting JAMB
A. Factory overhead B. purchases C. material cost D. wages Correct Answer: Option A – Factory overhead Explanation Conversion costs are costs required to convert raw materials into finished goods Formula for conversion cost= direct labor+ factory...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.