by Sunday | Dec 12 | Commerce JAMB
Given Opening stock 50,000 Purchases 200,000 Sales 350,000 Closing stock 80,000 A. N200,000 B. N190,000 C. N170,000 D. N175,000 Correct Answer: Option C – N170,000 Explanation The cost of goods sold is calculated through the formula below opening stock +...
by Sunday | Dec 12 | Commerce JAMB
Opening stock 1800 Purchases 2800 Sales 800 Closing stock 800 Carriage on sale 500 A. N320 B. N350 C. N500 D. N800 Correct Answer: Option D – N800 Explanation Closing stock for the year of an accounting period is also regarded as unused...
by Sunday | Dec 12 | Commerce JAMB
A. An insured person should be indemnified to the time of the amount insured B. An insurance company constant in lace of the insured in dealing with a third party. C. Only a person who is likely to suffer loss hold take out an insurance cover D. There must be accused...
by Sunday | Dec 12 | Commerce JAMB
A. Vertical integration B. Horizontal integration C. Forward Integration D. Background integration Correct Answer: Option A – Vertical integration Explanation This integration involves the coming of two or more firms at different production stage in the same...
by Sunday | Dec 12 | Commerce JAMB
A. 4% surcharge will be made unless payment is made within seven days B. 4% discount will be allowed on the price charged only if the good are bought within seven days C. 4% discount will be allowed on the price charge if payment is made after seven days D. 4%...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.