by Sunday | Dec 3 | Accounting JAMB
Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled N800. A provision of 2% was made for discount and 5% provision for bad and doubtful debts. A. N760 000 B. N744800 C. N744 000 D. N784 000 Correct Answer: Option A – N760 000 Explanation 5% x...
by Sunday | Dec 3 | Accounting JAMB
A. current liabilities B. profit and loss account C. trading account D. current account Correct Answer: Option B – profit and loss account
by Sunday | Dec 3 | Accounting JAMB
Given: N6 000 10% preference shares of N0.50 each N6 000 ordinary shares of N1 each Capital reserves N2 700 000 Long-term liabilities N4 000 000 A. 13 000 000 B. 12 000 000 C. 9 000 000 D. 15 700 000 Correct Answer: Option C – 9 000 000 Explanation 6000 x 0.50 =...
by Sunday | Dec 3 | Accounting JAMB
A. current account B. capital account C. trading account D. balance sheet Correct Answer: Option B – capital account Explanation partnership capital account: Which shows the capital contribution of a partner, plus profits and minus losses and...
by Sunday | Dec 3 | Accounting JAMB
A. debited in current account B. credited in profit and loss account C. debited in profit and loss account D. credited in current account Correct Answer: Option C – debited in profit and loss account Explanation Interest on partners’ loan to the firm is a...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.