by Sunday | Dec 8 | Accounting JAMB
A. cash account and personal account B. bank account and general ledger C. discount received and discount allowed D. cash account and bank account Correct Answer: Option D – cash account and bank account
by Sunday | Dec 8 | Accounting JAMB
A. Realization concept B. Substance over form C. Conservatism D. Measurement concept Correct Answer: Option B – Substance over form
by Sunday | Dec 8 | Accounting JAMB
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it. A. cash and credit bank B. bank and credit cash C. cash and credit cash D. bank and credit bank Correct...
by Sunday | Dec 8 | Accounting JAMB
Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the total cash sales of N19000 from the business tray and banked it. A. N5000 B. N1900 C. N1000 D. N950 Correct Answer: Option C –...
by Sunday | Dec 8 | Accounting JAMB
A. minutes of meetings B. payment vouchers C. source documents D. audit certificates Correct Answer: Option C – source documents