Borne by all the partners
Borne by the insolvent partner
Written off
Borne by the solvent partners
Correct answer is A
No explanation has been provided for this answer.
Accumulated fund on 1st January 1993 is
N8,570
N8,470
N850
N7,520
Correct answer is D
No explanation has been provided for this answer.
An income and expenditure account is a summary of
All income and expenditure during a period
Revenue income and expenditure during a period
Receipts and payments during a period
The trading income a period
Correct answer is B
No explanation has been provided for this answer.
Has no particular period, the trading account has
Does not consider the cost of goods involved, the trading account does
Is concerned with the cost of production, the trading account is not
Is not concerned with the stock of raw materials the rading account is
Correct answer is C
No explanation has been provided for this answer.
N21,000
N17,000
N15,000
N6,000
Correct answer is B
No explanation has been provided for this answer.
JAMB Subjects
Aptitude Tests