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Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

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ACCOUNTING

JAMB 2000 - Question 14

Account 2000 JAMB Past Questions - Question 14: The accounting convention which stipulates that money or goods taken from the business by the owner for personal use should be treated as deductions from capital is

Choose the most appropriate option for the gap .

The accounting convention which stipulates that money or goods taken from the business by the owner for personal use should be treated as deductions from capital is

A: cost

B: prudence

C: consistency

D: entity

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ACCOUNTING

Account 2000 JAMB Past Questions - Question 14: The accounting convention which stipulates that money or goods taken from the business by the owner for personal use should be treated as deductions from capital is

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Correct Answer

Explanation