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JAMB Accounting 2008 Objective — Question 7

Question 7 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.

Use the information below to answer questions 7 and 8: I. Cash at bank II. Cash in hand III. Premises IV. Land V. Creditors VI. Loan from friends/bank. Determine the fixed assets

A. I and V
B. II and IV
C. II and VI
D. III and IVCorrect

Explanation

Fixed assets area: Premises and land.

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