Given: Prepaid b/f.......................N10 000 Cash paid during the year.........N20 000 The amount to be charged...

JAMB 2007

Given:

Prepaid b/f.......................N10 000
Cash paid during the year.........N20 000

The amount to be charged to the profit and loss account is?

A. N30 000
B. N25 000
C. N5 000
D. 20 000

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Correct Answer: Option B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn, please click here

Previous Next

Go back to Acc classroom

Report an Error Ask A Question Download App