by Sunday | Dec 8 | Accounting JAMB
Given: Cost of raw materials issued to production…..N37000 Opening stock of raw material………………N2000 Purchases of raw material………………….N3800 Wages...
by Sunday | Dec 8 | Accounting JAMB
A. production, selling, distribution and material B. production, selling, distribution and administration C. selling, distribution and production and wages D. distribution, selling, administration and material Correct Answer: Option B – production, selling,...
by Sunday | Dec 8 | Accounting JAMB
A. separate debtors from creditors B. determine the cost of stock at the end of business C. determine the cost of stock at the beginning of business D. determine the total cost of goods purchased Correct Answer: Option B – determine the cost of stock at the end...
by Sunday | Dec 8 | Accounting JAMB
A. debit side of the purchases ledger control account B. debit side of the sales ledger control account C. credit side of the purchases ledger control account D. credit side of the sales ledger control account Correct Answer: Option D – credit side of the sales...
by Sunday | Dec 8 | Accounting JAMB
A. the profit and loss account and a credit to the provision for discount allowed B. provision for discount allowed and a credit to the profit and loss account C. discount allowed and a credit to the profit and loss account D. expenses and a credit to customers’...