The total amount of money set aside for a particular purpose by government is?
A. fund B. vote C. virement D. budget Correct Answer: Option A A. fund
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares the account to 31st December. The amount carried in the Balance sheet is classified as?
A. current asset B. current liability C. capital D. long-term liability Correct Answer: Option A A. current asset
A trader paid insurance premium of N45,000 for 15 months ended 31st March, 2000. He prepares the account to 31st December. How much is carried in the Balance Sheet at 31st December, 2000?
A. N45,000 B. N12,000 C. N9,000 D. N4,500 Correct Answer: Option C C. N9,000
Depreciation is?
A. cost of repairs incurred on a fixed asset B. a charge for the wear and tear of fixed assets C. the cost incurred on replacing a fixed asset D. provision for loss of fixed asset Correct Answer: Option B B. a charge for the wear and tear of fixed...Products
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Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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Co-Ownership Structures and Land Acquisition Methods in Nigeria
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Rights in Community Land and Fundamental Land Concepts in Nigeria
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Land Ownership Principles and Transaction Laws in Nigeria
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