In developed countries, a greater percentage of the working population are engaged in?
tertiary activity only
primary and tertiary activities
secondary and tertiary activities
primary and secondary activities
Correct answer is B
No explanation has been provided for this answer.
The degree of relationship between two sets of data on population is expressed by?
projected curves
frequency graphs
smooth curves
scatter diagrams
Correct answer is B
No explanation has been provided for this answer.
Lowland areas are most suited for a wide range of crops which includes?
wheat, banana and coffee
rubber, sugarcane and rice
coconut, rubber and tea
sugarcane, rice and sorghum
Correct answer is B
No explanation has been provided for this answer.
Danladi Bako's Statement of Affairs as at 30/06/17
| ₦ |
₦ |
||
| Capital | ?? | Fixtures and fittings | 4,000 |
| Stock | 20,500 | ||
| Sundry debtors | 40,000 | ||
|
Creditors |
18,000 | Bank | ?? |
| 78,650 | 78,650 |
What is his bank balance as at 30/06/17?
₦14,150
₦18,500
₦15,300
₦65,150
Correct answer is A
Bank balance = 78,650 - ( 4000 + 20500 + 40000)
= 78650 - 64500
= ₦14,150
Which of the following concepts recognizes the principle of double entry?
Business entity
Accrual
Going concern
Dual aspect
Correct answer is D
Dual aspect concept ensures the mathematical accuracy of all records. It states that there are two aspects of accounting: one debit and one credit.