by Sunday | Dec 5 | Accounting JAMB
Given: Sales…………………N4000 Light expenses…………N2900 Rent………………….N1500 Purchases……………..N7500...
by Sunday | Dec 5 | Accounting JAMB
A. two credit entries at the same time B. two debit entries at the same time C. debit and credit two credit entries at the same time D. debit and credit two credit entries in corresponding account Correct Answer: Option D – debit and credit two credit entries in...
by Sunday | Dec 5 | Accounting JAMB
A. maintain the production section of the business B. know why transactions cause increase and decreases in assets C. advise on how to manage the business D. know how to record transaction in T account Correct Answer: Option C – advise on how to manage the...
by Sunday | Dec 5 | Accounting JAMB
A. Conservatism B. Historical C. Monetary D. Cost Correct Answer: Option A – Conservatism
by Sunday | Dec 5 | Accounting JAMB
A. provides permanent records for all financial transactions B. is futuristic in nature C. accepts responsibility for all wrong postings D. does not give room for double entry procedures Correct Answer: Option A – provides permanent records for all financial...