by Sunday | Dec 8 | Accounting JAMB
Mamsa Nigeria Limited issued 20 000 ordinary shares of N1.50 per share on 2nd July 2002. 1500 ordinary shares were fully subscribed for and their monies received as below: On application …………………….N0.40 On allotment...
by Sunday | Dec 8 | Accounting JAMB
A. branch expense account and credited to branch debtors’ account B. branch stock account account and credited to the goods sent to branch account C. branch debtors’ account and credited to branch expense account D. goods sent to branch expense account...
by Sunday | Dec 8 | Accounting JAMB
A. preference share capital, cash and allotment accounts B. bank and ordinary share capital accounts C. cash and ordinary share capital accounts D. nominal value and ordinary share capital accounts Correct Answer: Option B – bank and ordinary share capital...
by Sunday | Dec 8 | Accounting JAMB
Goods from head office…………….N13,400 Returns to head office ……………N118 Rates and insurance paid ………….N188 Wages paid ………………………N913...
by Sunday | Dec 8 | Accounting JAMB
Goods from head office…………….N13,400 Returns to head office ……………N118 Rates and insurance paid ………….N188 Wages paid ………………………N913...