by Sunday | Dec 5 | Accounting JAMB
A. N20 B. N40 C. N60 D. N4 Correct Answer: Option B – N40 Explanation Fatima cash purchase = 2000 Discount allowed = 2% 2/100 x 2000 = 40
by Sunday | Dec 5 | Accounting JAMB
A. N333 000 B. N234 000 C. N343 000 D. N243 000 Correct Answer: Option D – N243 000 Explanation credit sales = 160% x 280,000 (cash receivable) 160/100 x 280,000 1.6 x 280,000 = 448,000 credit sales = 448,000 Bal c/d = debit side – credit side of the...
by Sunday | Dec 5 | Accounting JAMB
A. N484 000 B. N448000 C. N584 000 D. N558 000 Correct Answer: Option B – N448000 Explanation credit sales = 160% x 280,000 (cash receivable) 160/100 x 280,000 1.6 x 280,000 = 448,000 credit sales =...
by Sunday | Dec 5 | Accounting JAMB
A. N2760 B. N4 300 C. N6 200 D. N2.400 Correct Answer: Option A – N2760 Explanation cash balance = debit side of the cash column – credit side of cash column. Hence we have; Discount allowed = 0.02 x 2000 = 40 Debit column = 3000 + 1000 + 2000 + 200 = 6200...
by Sunday | Dec 4 | Accounting JAMB
A. Take adequate care of the needy B. supplement the commercial sector C. provide cheap services to all citizens D. correct perceived inequalities Correct Answer: Option C – provide cheap services to all citizens Explanation Purpose of public sector is to...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.