by Sunday | Nov 28 | Accounting JAMB
Balance as par overdraft of the cashbook is ₦4000, the uncredited cheque is ₦2300, bank charges ₦300, unpresented cheque ₦5000. A. 4000 B. 300 C. 4300 D. 5000 Correct Answer: Option C – 4300
by Sunday | Nov 28 | Accounting JAMB
A. Formation B. dissolution C. winding up D. termination Correct Answer: Option B – dissolution Explanation It is the first step in termination process
by Sunday | Nov 28 | Accounting JAMB
Use the information below to answer the question. 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. #1870 B. #1530 C. #1640 D. #1820 Correct...
by Sunday | Nov 28 | Accounting JAMB
A. cost-based transfer price B. market-based transfer pricing C. Dual pricing system D. peak pricing Correct Answer: Option D – peak pricing
by Sunday | Nov 28 | Accounting JAMB
A. Price above or below the stipulated price B. Any price but not below the transfer price C. Cost price D. A price that is equal to the mark up Correct Answer: Option A – Price above or below the stipulated price Explanation Cost plus mark up is a pricing...