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

FINANCIAL
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

Correct Answer: B. N25 000



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.