by Sunday | Dec 8 | Accounting JAMB
Given: (i) the consolidated revenue fund balance b/d ….. N650 000 (ii) issue from contingency fund amount to ………….N240 000 (iii) amount transferred to contingency fund is …..N210 000 A. N1, 100 000 B. N680 000 C. N440 000 D. N410...
by Sunday | Dec 8 | Accounting JAMB
For the purpose of conversion of a partnership to a company, a total purchase consideration of N3.6m was paid. If 30% of the purchase consideration was in cash and the rest by 50k shares. How many shares issued? A. N1080 000 B. N2 160 000 C. N3 600 000 D. N5 040 000...
by Sunday | Dec 8 | Accounting JAMB
A. Provisional general warrant B. Development fund general warrant C. Reserved expenditure general warrant D. Supplementary warrant Correct Answer: Option B – Development fund general warrant
by Sunday | Dec 8 | Accounting JAMB
Given: Total debtors b/d 31/12/99……………N25 000 Cheques received from debtors ………..N255 000 Total debtors c/d 31/12/00……………N15 000 A. N295 000 B. N265 000 C. N245 000 D. N215 000 Correct...
by Sunday | Dec 8 | Accounting JAMB
A. income and expenditure B. cash book C. balance sheet D. profit and loss Correct Answer: Option B – cash book