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Accounts (Principles of Accounts) · Accruals, prepayments and provisions

Accounts (Principles of Accounts)Accruals, prepayments and provisionsJAMB

Stationery bought ₦15,000; unused stock at year end ₦4,000. The stationery expense is

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Answer: B. ₦11,000

Unused stationery is a prepayment.

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