by Sunday | Dec 7 | Accounting JAMB
A. promoters’ expenses B. floating expenses C. preliminary expenses D. the borad’s expenses Correct Answer: Option C – preliminary expenses
by Sunday | Dec 7 | Accounting JAMB
A. existing share capital reserve B. existing general reserve C. proceeds from new issue of shares D. withholding tax Correct Answer: Option B – existing general reserve
by Sunday | Dec 7 | Accounting JAMB
A. cash and credit old partners’ capital B. goodwill and credit revaluation C. assets and credit capital D. capital and credit assets Correct Answer: Option B – goodwill and credit revaluation
by Sunday | Dec 7 | Accounting JAMB
A. capital of the business B. capital and liabilities of the business C. assets and capital of the business D. assets and liabilities of the business Correct Answer: Option D – assets and liabilities of the business
by Sunday | Dec 7 | Accounting JAMB
Jumoke and Kunle have an original investment of N25,000 and N15,000 respectively in a partnership. The articles of partnership provides 3% interest on capital and salaries of N1,500 and N1,000 respectively for the partners. The profits and losses are to be shared in...