by Sunday | Dec 8 | Accounting JAMB
Given: (i) Order of performance (ii) Order of liquidity (iii)Vertical order (iv) Horizontal order A. i and ii B. i and iv C. ii and iii D. iii and iv Correct Answer: Option C – ii and iii
by Sunday | Dec 8 | Accounting JAMB
Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost …………….N1950 000 Dec.31, Addition ………… N400 000 Credit: Jan. 1, Depreciation ……..N1360 000 June 30, Sales proceeds…… N700...
by Sunday | Dec 8 | Accounting JAMB
Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost …………….N1950 000 Dec.31, Addition ………… N400 000 Credit: Jan. 1, Depreciation ……..N1360 000 June 30, Sales proceeds…… N700...
by Sunday | Dec 8 | Accounting JAMB
Given: Capital ………..N1000 Liabilities……..N500 Assets………….N1500 A. N1000 + N500 + N1500 = N3000 B. N1000 – N500 + N1500 = N2000 C. N1000 + N500 = N1500 D. N1500 + N500 = N2000 Correct Answer: Option C –...
by Sunday | Dec 8 | Accounting JAMB
A. bookkeeping B. trial balancing C. ledger accounting D. final accounting Correct Answer: Option A – bookkeeping