by Sunday | Dec 5 | Accounting JAMB
A. credit side of the purchases control account B. debit side of the purchases control account C. credit side of the sales control account D. debit side of the sales control account Correct Answer: Option C – credit side of the sales control...
by Sunday | Dec 5 | Accounting JAMB
A. detect errors and irregularities B. assist purchases C. assist sales D. check management incompetence Correct Answer: Option A – detect errors and irregularities
by Sunday | Dec 5 | Accounting JAMB
A. FIFO B. LIFO C. Simple average D. periodic simple average Correct Answer: Option A – FIFO
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question. Aug. 1 Received 20 units at N60 each Aug. 6 Received 20 units at N68 each Aug. 10 Issued 16 units Aug. 20 Received 40 units at N80 each Aug. 31 Issued 48 units A. N1280 B. N1184 C. N1024 D. N960 Correct Answer: Option...
by Sunday | Dec 5 | Accounting JAMB
Use the information below to answer the question. Aug. 1 Received 20 units at N60 each Aug. 6 Received 20 units at N68 each Aug. 10 Issued 16 units Aug. 20 Received 40 units at N80 each Aug. 31 Issued 48 units A. N80 B. N74 C. N64 D. N60 Correct Answer: Option A...