by Sunday | Dec 4 | Accounting JAMB
A. Recurrent expenditure B. Capital expenditure C. Transfer to revenue fund D. International revenue Correct Answer: Option A – Recurrent expenditure Explanation The Consolidated Revenue Fund is an account that is owned and managed by the Federal Government,...
by Sunday | Dec 4 | Accounting JAMB
A. revenue receipt B. capital receipt C. capital expenditure D. revenue expenditure Correct Answer: Option C – capital expenditure Explanation Capital expenditures are money spent by a business or organization on acquiring or maintaining fixed assets, such as...
by Sunday | Dec 4 | Accounting JAMB
A. revenue expenditure B. capital expenditure C. sunk cost D. miscellanous expenses Correct Answer: Option A – revenue expenditure Explanation Revenue expenses are incurred when a company purchases products or services necessary for generating revenue in the...
by Sunday | Dec 4 | Accounting JAMB
A. shareholders equity by outstanding shares B. total assets by outstanding shares C. gross profit by outstanding shares D. net profit by outstanding shares Correct Answer: Option A – shareholders equity by outstanding shares Explanation To calculate the book...
by Sunday | Dec 4 | Accounting JAMB
A. trading account B. profit and loss account C. fund flow statement D. cash flow statement Correct Answer: Option B – profit and loss account Explanation The Provision for Bad and Doubtful Debts will appear in the Balance Sheet. Next year, the actual amount of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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