by Sunday | Dec 6 | Accounting JAMB
Five hundred naria monthly is allowed on an imprest system. The following transactions took place. Period1: Cash advanced to petty cashier……N500 Petty cashier paid out: stamp…….N200...
by Sunday | Dec 6 | Accounting JAMB
A. Credit balance of N 200,000 B. Debit balance of N 200,000 C. credit balance of N 3 200,000 D. Debit balance of N3 200,000 Correct Answer: Option C – credit balance of N 3 200,000
by Sunday | Dec 6 | Accounting JAMB
A. omission B. principle C. commission D. original entry Correct Answer: Option B – principle
by Sunday | Dec 6 | Accounting JAMB
A. source documents, ledgers and trial balance B. Ledgers, trial balance and source documents C. Ledgers, source documents and trial balance D. Cash account, ledgers and trial balance Correct Answer: Option A – source documents, ledgers and trial...
by Sunday | Dec 6 | Accounting JAMB
Given: Rent…………..N10,000 Rates………….N5,000 Capital………..N50,000 Salaries……….N14,000 Cash…………..N26,000 Creditors……….N5,000 A. N110,000 B. N65,000...