Question 0

A business transaction is recorded in the books of account when the?

  • A.owner of the business invests his N10,000 in another company
  • B.business retains part of ofits profits for future expansion purposes
  • C.business invest applies for overdraft facilities from its bankers
  • D.owner of the business collects N5,000 from the accountant
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1998
Question no.
#0
Type
Objective

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