Question 0

If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of Incorporation, the journal entry is to debit?

  • A.preliminary expenses, credit cash accounts
  • B.promoter, credit creditors' accounts
  • C.lawyer's credit cash accounts
  • D.cash , credit incorporation accounts
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1999
Question no.
#0
Type
Objective

More from this paper

See all Accounts - Principles of Accounts 1999 questions