An opportunity to reject a binding contract at will by a third party is said to be a?

• A. valid contract
• B. quasi contract
• C. voidable contract
• D. conditional contract

Which of the following is not a condition for dissolution of a partnership?

• A. Continuous disagreement among partners
• B. Expiration of a business year
• C. Mutual consent of the partners
• D. Termination of the venture

a. The following is the trial balance of Abete Trading Company as at 31st December 2020:

Additional information

(i) Stock in hand on 31st December 2020 was Le 4,000

(ii) Investigation revealed the following errors which necessitated the opening of suspense account:

- Drawings of Le 1,000 was posted to salaries and wages account

- Furniture bought at Le 1,560 was wrongly debited to fixed asset as Le 300

- Purchases day book was undercast by Le 2,000

- Discount allowed of Le 200 to a customer had not been posted to the customer's account

(iii) Depreciation of fixed assets is 10% per annum.

You are required to:

Correct the errors through journal entries (no narration is required).

b. The following is the trial balance of Abete Trading Company as at 31st December 2020:

In the question below choose the word(s) or phrase(s) whichbest fills the gap(s): All .... well with Peter

• A. are not
• B. have not been
• C. were not
• D. is not

How did the establishment of missionary schools during the colonial era affect the Nigerian economy?

• A. It led to increased government spending on education.
• B. It hindered economic development due to religious conflicts.
• C. It improved the literacy rate and provided a skilled workforce.
• D. It favored British education over traditional Nigerian education.

Which prophet from the Old Testament strongly condemned the greed of the wealthy and powerful?

• A. Ezekiel
• B. Isaiah
• C. Amos
• D. Jeremiah

Which of the following is not a condition for a perfect market?

• A. homogenous commodity
• B. ignorance of consumers
• C. perfect information
• D. free entry and exit

In the question below, choose the expression or word whichbest completeseach sentence: I do not want the light in my room .... when asleep

• A. turned off
• B. turn off
• C. to run out
• C. to run out

Prophet muhammed was called Al-amin because he was

• A. Posthumous child
• B. Memorizer of the Quran
• C. Messenger of Allah
• D. trustworthy person

SO₂ + O₂ → 2SO₃

In the reaction above, the most suitable catalyst is?

• A. chromium(vi)oxide
• B. iron(iii)oxide
• C. copper(i)oxide
• D. vanadium(v)oxide