by Sunday | Oct 9 | NABTEB QUESTIONS
(i) Essential services: For the provision of essential services which is vital to the citizens. (ii) Monitoring of industries: To avoid wastage and duplication of industries between state and private sector. (iii) Huge capital needed: It is only the government that...
by Sunday | Oct 9 | NABTEB QUESTIONS
(a) An invoice and proforma invoice. (b) Credit note and debit note. (c) Customs duties and excise duties. (d) Consignment note and dispatch note. (e) Railex service and railway letter. An invoice is a document issued by the seller to a buyer after purchase has been...
by Sunday | Oct 9 | NABTEB QUESTIONS
(i) Difficulty in establishing the magnitude of the event i.e. Natural disasters are normally not prone to identifying the extent of damages caused. E.g. Earthquake, coast of submergence involves perishing the land mass and its attendant properties. It is not easy to...
by Sunday | Oct 9 | NABTEB QUESTIONS
Insurable risks are those risks that have mathematical probability of happening. It includes burglary, fire, sea disaster and motor accidents while non insurable risks are business risks which cannot be circulated with any mathematical precision like risk of losing...
by Sunday | Oct 9 | NABTEB QUESTIONS
Accounts Department: (i) Safe keeping of cash: All payments received from customers for sales of goods and services and cash received is kept in the bank until when needed. (ii) Preparation of sales invoice: For record purposes, goods and services provided is required...