by Sunday | Nov 28 | Accounting JAMB
A. Profit and loss account as brought forward figure B. Closing balance sheet as carried forward figure C. Closing balance sheet as brought forward figure D. Profit and loss as carried forward figure Correct Answer: Option C – Closing balance sheet as brought...
by Sunday | Nov 28 | Accounting JAMB
N Stock at branch 1st January at cost 400 Goods sent to branch at cost 8000 Returns to head office 340 Cash sales 9160 Stock at branch 31st December at cost 720 A. #7200 B. #7460 C. #7500 D. #7660 Correct Answer: Option D –...
by Sunday | Nov 28 | Accounting JAMB
A. Goods are sold at specific prices B. goods are perishable C. goods attract different gross profit percentage D. to disclose gross profit or loss Correct Answer: Option B – goods are perishable Explanation cost price method is used to enhance quick...
by Sunday | Nov 28 | Accounting JAMB
A. Promote mutual understanding B. Enhance mistrust C. Encourage discrepancy D. Control funds Correct Answer: Option A – Promote mutual understanding Explanation Partnership deed can be used to: i. Indicates terms on which the business corporation us founded ii....
by Sunday | Nov 28 | Accounting JAMB
A. Cost price B. new price C. invoice price D. normal price Correct Answer: Option C – invoice price Explanation Branch stock adjustment account deals with the loading on the respective items of goods relating to Branch stock account. Branch adjustment account...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.