by Sunday | Dec 8 | Accounting JAMB
………..PQ Manufacturing Company Raw materials (1/11/2001)………..N3 500 Raw materials (31/12/2001)……….N4 900 Purchase of raw materials………..N56 000 Salary...
by Sunday | Dec 8 | Accounting JAMB
During the year ended 31st December 2001, Nuju Enterprises paid rent as follows: Jan. 20, N24 000 for a period of 4 months. May. 16, N30 000 for a period of 5 months. Oct. 15, N36 000 for a period of 6 months. A. N36 000 B. N18 000 C. N12 000 D. N6 000 Correct Answer:...
by Sunday | Dec 8 | Accounting JAMB
Given: …………..Rich Social Club……….. Cash…………………….N100,000 Loan ……………………N30,000 Subscription in arrears……N5,000...
by Sunday | Dec 8 | Accounting JAMB
A company has two departments X and Y. Y transferred goods to X at a profit margin of 25%. N10,000 worth of goods was not sold at the end of the accounting period. A. N2000 B. N2500 C. 12000 D. 12500 Correct Answer: Option A –...
by Sunday | Dec 8 | Accounting JAMB
A. cash B. cheques C. debtors D. stocks Correct Answer: Option C – debtors