by Sunday | Dec 7 | Accounting JAMB
A. N22 320 B. N17 200 C. N12 080 D. 5 120 Correct Answer: Option C – N12 080
by Sunday | Dec 7 | Accounting JAMB
A. Discount received B. Dishonoured cheques C. Credit sales D. Bills receivable Correct Answer: Option C – Credit sales
by Sunday | Dec 7 | Accounting JAMB
Given: purchases ledger balance…………..N4000 purchases for the period…………..N50000 Cash refunded by suppliers…………N290 Cheques paid to suppliers…………..N42300 Returns...
by Sunday | Dec 7 | Accounting JAMB
A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. it was sold on 30/6/1999 for N31,500. A. N96 000 B. N48 000 C. N36 000 D. N24 000 Correct Answer: Option C – N36...
by Sunday | Dec 7 | Accounting JAMB
A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. it was sold on 30/6/1999 for N31,500. A. N12 000 B. N60 000 C. N72 000 D. N84 000 Correct Answer: Option D – N84...