The two legally recognized professional accounting bodies in Nigeria are the
Institute of Certified Public Accountants of Nigeria and the Institute of cost and Management Accountants of Nigeria
Association of Accountants of Nigeria and the Institute of Management Accountants of Nigeria
Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria
Nigeria Accounting Association and the Excutive Cost and Management Accounts of Nigeria
Correct answer is C
No explanation has been provided for this answer.
Which of the following is used to update the cash book in bank reconciliation?
Interest received and unpresented cheques
Commission and debit note
Unpresented cheques and direct credit
Interest received and direct credit
Correct answer is D
No explanation has been provided for this answer.
Fund accounting
Commitment accounting
Cash accounting
Accrual accounting
Correct answer is C
No explanation has been provided for this answer.
Used to pay all taxes due to government
Used to start a new partnership business by members who are willing
Shared equally by the existing partners
Used in paying the debts and liabilities of the firm to persons who are not partners
Correct answer is D
No explanation has been provided for this answer.
N10,000m
N12,000m
N90,000m
N11,000m
Correct answer is A
No explanation has been provided for this answer.