by Sunday | Dec 5 | Accounting JAMB
A. application, allotment and crediting cash B. allotment and crediting cash C. cash and crediting subscribed shares D. cash, crediting application and allotment account Correct Answer: Option D – cash, crediting application and allotment...
by Sunday | Dec 5 | Accounting JAMB
A. fixed tangible asset B. current asset C. fictitious asset D. liquid asset Correct Answer: Option C – fictitious asset
by Sunday | Dec 5 | Accounting JAMB
A. partners capital account and credited to realization account B. Partners capital account and credited to asset account C. asset account and credited to realization account D. realization account and credited to capital account Correct Answer: Option A –...
by Sunday | Dec 5 | Accounting JAMB
A. credit partners capital account B. debit partners capital account C. credit drawings account D. debit drawings account Correct Answer: Option B – debit partners capital account
by Sunday | Dec 5 | Accounting JAMB
Given: Capital: ……G……….. N5 000 ……………….T………… N8 000 Drawings: G………….. N2 000 ……………..T…………….N1...