by Sunday | Nov 28 | Accounting JAMB
A. To cover some expenses of the following year B. To show the provisions made during the year C. To show the total expenses paid and income received during the year D. To ascertain the actual expenses incurred and income earned during the year Correct Answer: Option...
by Sunday | Nov 28 | Accounting JAMB
A. Current asset B. Fixed asset C. Current liability D. Fixed liability Correct Answer: Option C – Current liability Explanation in advance is treated as a current liability until the calls are made and the amount actually becomes payable by the...
by Sunday | Nov 28 | Accounting JAMB
Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 : 1 respectively. Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio? A. 1 : 1 B. 3 : 6 C. 2 : 1 D. 2 : 6 Correct Answer: Option C = 2 : 1...
by Sunday | Nov 28 | Accounting JAMB
A. Income and expenditure account B. profit and loss account C. receipt and payment account D. trading account Correct Answer: Option B – profit and loss account Explanation records profit on branch account
by Sunday | Nov 28 | Accounting JAMB
A. Cash account B. purchase account C. goodwill account D. sales account Correct Answer: Option C – goodwill account Explanation Goodwill is the excess of purchase consideration over the total value of the...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.