by Sunday | Nov 28 | Accounting JAMB
A. No of employees B. stock value C. space occupied D. wages Correct Answer: Option C – space occupied Explanation Indirect expenses are allocated among departments in order to ascertain the profits or loss made by each...
by Sunday | Nov 28 | Accounting JAMB
The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair dressing, and clothing. The floor spaces occupied by the departments are 3:2:5 respectively. What is the rent allocated to clothing department? A. ₦700 B. ₦1050 C. ₦1750 D....
by Sunday | Nov 28 | Accounting JAMB
A. Overall performance of a division B. Cost per unit of a profit C. Price per unit of a product D. Overall performance of a firm Correct Answer: Option A – Overall performance of a division Explanation Departmental accounting is prepared to ensure that the...
by Sunday | Nov 28 | Accounting JAMB
A. Stock and repayment B. Creditors and cash in transit C. Stock and cash in transit D. Debtors and cash in transit Correct Answer: Option C – Stock and cash in transit Explanation Goods in transit are goods sent by the head office to branch but by the close of...
by Sunday | Nov 28 | Accounting JAMB
A. Cost price B. cost plus mark up C. Selling price D. Market price Correct Answer: Option B – cost plus mark up Explanation Goods are transferred from head office to branch at cost price, selling price and cost price plus mark...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.