by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer question A company’s authorized share capital was one million ordinary shares at N1 each. Issued 80% of its shares at N1.10 per share. 70k was payable on application, 25k on allotment, 10k due on first call and the balance on...
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question. A company’s authorized share capital was one million ordinary shares at N1 each. Issued 80% of its shares at N1.10 per share. 70k was payable on application, 25k on the allotment, 10k due on the first call and...
by Sunday | Dec 5 | Accounting JAMB
A. fixed assets ratio B. capital gearing ratio C. current assets ratio D. acid test ratio Correct Answer: Option D – acid test ratio
by Sunday | Dec 5 | Accounting JAMB
Goods worth N50 000 were sent at different times from head office to the branch during the year. By the end of the period, only N40 000 worth of goods had arrived at the branch. Which of the following is correct about the treatment of this transaction? A. Branch...
by Sunday | Dec 5 | Accounting JAMB
A. always the same amount as the total factory overhead cost B. given separately C. equivalent to the total cost of goods manufactured D. always the same as the prime cost Correct Answer: Option B – given separately