by Sunday | Dec 8 | Accounting JAMB
Statement of assets and liabilities as at 31st December, 2001. Shareholders’ interest N240 Current liabilities N20 Current assets N110 Fixed assets N140 A. N8m B. N10m C. N15m D. N20m Correct Answer: Option B –...
by Sunday | Dec 8 | Accounting JAMB
A. debit cash book and credit suspense account B. debit cash book and credit drawer C. credit cash book and debit suspense account D. credit cash book and debit drawer Correct Answer: Option D – credit cash book and debit...
by Sunday | Dec 8 | Accounting JAMB
The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000. Creditors N50,000 Debtors N46,000 Loan N100,000 Stock N20,000 Motor vehicle N120,000 Building N70,000 Accrued wages 30,000 Bank N25,000 A. N180,000 B. N181,000 C. N177,000 D. N110,000 Correct Answer:...
by Sunday | Dec 8 | Accounting JAMB
The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000. Creditors N50,000 Debtors N46,000 Loan N100,000 Stock N20,000 Motor vehicle N120,000 Building N70,000 Accrued wages 30,000 Bank N25,000 A. N110,000 B. N105,000 C. N101,000 D. N100,000 Correct Answer:...
by Sunday | Dec 8 | Accounting JAMB
NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875 Prepaid expenses N580 Motor vehicles N34750 Furniture N35850 Accrued expenses N645 Stock N8100 Cash balances N9911 Debtors N1809 A. N20400 B. N20465 C. N35695 D. N19820...
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