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Use the following information to answer questions 11 and 12. The surplus for the year is

Accounts - Principles of Accounts
JAMB 2025

Use the following information to answer questions 11 and 12.

The surplus for the year is

  • A. #1,970
  • B. #1,650
  • C. #1,330
  • D. #1,890
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Correct Answer: Option B
Explanation

Total income = 460 + 520 + 500 + 490 + 670 = ₦2,640
Total payment = 200 + 540 + 140 + 110 = ₦990
Surplus = Total income − Total payment = 2,640 − 990 = ₦1,650

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076