by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer questions . On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000. A. 50% B. 40% C. 30% D. 20% Correct Answer: Option D –...
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer questions . On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000. A. N11 000 B. N11 200 C. N11 400 D. N11 300 Correct Answer: Option A
by Sunday | Dec 5 | Accounting JAMB
A. stock account and credit profit and loss account B. drawings account and credit stock account C. profit and loss account and credit drawing account D. stock account and credit drawings account Correct Answer: Option B – drawings account and credit stock...
by Sunday | Dec 5 | Accounting JAMB
Entrance fees…………………….N1200 Subscriptions (including N850 arrears). N4310 Donations received………………..N1500 Proceeds from sales……………….N2300 Total...
by Sunday | Dec 5 | Accounting JAMB
A. N45 000 B. N44 000 C. N30 000 D. N14 000 Correct Answer: Option D – N14 000