by Sunday | Nov 28 | Accounting JAMB
A. Sule1/3, Ahmed1/3, Khadija 1/3 B. Sule1/3, Ahmed1/3, Khadija 1/3 C. Sule1/5, Ahmed1/5, Khadija3/5 D. Sule2/5, Ahmed1/5, Khadija2/5 Correct Answer: Option B – Sule1/3, Ahmed1/3, Khadija 1/3 Explanation If Khadija is to take 1/5th i.e. 20% Sule and Ahmed are to...
by Sunday | Nov 28 | Accounting JAMB
A. A constitution B. A law C. A deed D. An article Correct Answer: Option C – A deed Explanation A partnership deed is a written agreement among the partners specifying rules and regulations and is signed by all the partners and stamped as per stamp act with an...
by Sunday | Nov 28 | Accounting JAMB
A. An amount should be fixed as salaries for partners B. Profits and losses should not be shared equally C. Interest on partner’s loan should be 25% D. Interest should not be allowed on partners drawings Correct Answer: Option D – Interest should not be allowed...
by Sunday | Nov 28 | Accounting JAMB
A. Accruals B. inventory C. subscription D. depreciation Correct Answer: Option C – subscription Explanation is adjusted for in the income and expenditure account
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...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.