Calculate the cost of goods sold. A N61 000 B N58 000 C N62000 D N57 000 Answer is C
Find the average stock for the period A N27 000 B N23 000 C N28 000 D N20 500 Answer is D
Which of the following signs general warrant for the release of money from the consolidated revenue fund? A Minister of Finance B Chairman, Economic Advisory Committee C Permanent secretary D Minister of Economic Planning Answer is A
The chief accounting officer of a local government is the? A Chairman B Treasurer C Director of personnel D Auditor Answer is A
Which of the following is a signatory to federal government account? A Auditor-General B Governor of Central Bank C Accountant-General D Persident Answer is C
If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value of 5.50k each, the share premium would? A N500 000 B N450 000 C N550 000 D N420 000 Answer is D
Which of the following accounts for the highest revenue to Nigeria? A Import duties B Personal income tax C Petroleum income tax D Company tax Answer is C
The fund in which all government receipt are paid is? A consolidated revenue fund B development fund C trust fund D contingency fund Answer is A
The founders of a company are? A promoters B shareholders C canvassers D stakeholders Answer is A
Goodwill is determined using? A capital contribution B number of partnerd admitted C the business and customer relations D number of active partners Answer is B
Which of the following can be used on admission of a new partnership? A Revaluation account B Profit account C Capital account D Trading account Answer is A
The interest on Keme’s drawings is calculated as? A N200 B N150 C N300 D N100 Answer is A