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Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

by Sunday | Dec 6 | Accounting JAMB

A. N30 000 B. N50 000 C. N70 000 D. N100 000 Correct Answer: Option B – N50 000

Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

The subscriptions received represent 80% of total payments and the opening balance is 30% of gate-fee collections. What is the closing cash balance?

by Sunday | Dec 6 | Accounting JAMB

A. N35 000 B. N211 000 C. N5 000 D. N10 000 Correct Answer: Option C – N10 000

Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

What was the bank balance at the end of the month?

by Sunday | Dec 6 | Accounting JAMB

A. N7 000 B. N6 500 C. N 7 500 D. N 9 000 Correct Answer: Option B – N6 500

Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

On Jan. 30 Khalifa withdraw N2500 from the bank for office use. The cash balance at end of the month was?

by Sunday | Dec 6 | Accounting JAMB

A. N1 600 B. N4 100 C. N 6 600 D. N6 100 Correct Answer: Option B – N 6 600

Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

Which of the following is a journal as well as a ledger?

by Sunday | Dec 6 | Accounting JAMB

A. Nominal ledger B. Sales day book C. General ledger D. cash book Correct Answer: Option B – Sales day book

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