by Sunday | Dec 3 | Accounting JAMB
Use the information below to answer questions Sundry debtor………………N20,000 Provision for bad debts……..N500 Provision for bad debt at 4% of sundry debtors. A. N500 B. N820 C. N1300 D. N300 Correct Answer: Option D –...
by Sunday | Dec 3 | Accounting JAMB
A. accruals B. prepayments C. acquisitions D. provisions Correct Answer: Option A – accruals Explanation Accruals are expenses incurred but not yet paid Previous
by Sunday | Dec 3 | Accounting JAMB
A. dividend received B. uncredited expenses C. uncredited cheques D. interest on lodgement Correct Answer: Option C – uncredited cheques Explanation Uncredited cheques: These are cheques received from customers and other sources for which the firm has banked but...
by Sunday | Dec 3 | Accounting JAMB
A. transaction B. turnover C. transfer D. cash received Correct Answer: Option B – turnover Explanation Charge on turnover (COT) also known as Commission on turnover are charges a customer incurs for debit transactions (transaction involving withdrawals and/or...
by Sunday | Dec 3 | Accounting JAMB
A. commission paid B. interest received C. direct payment D. direct withdrawal Correct Answer: Option B – interest received Explanation Electronic charges or payment on the bank statement not yet recorded in the cashbooks can cause discrepancies on the cash...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.